Pharmaceutical distributor Oriola has concluded the share buyback program announced in April, having repurchased a total of 1m treasury shares between May 4 and June 10.
The shares were acquired at an average price of €0.9122 per share, representing a total value of approximately €0.912m.
The repurchases were executed under the authorization granted by the Annual General Meeting in March. The objective of the program is to optimize the company's capital structure, utilize shares for incentive programs, and promote shareholder interests.
Following these transactions, Oriola reports that it holds a total of 1,080,258 treasury shares, accounting for approximately 0.58 percent of the total number of shares in the company.
Oriola Oyj, formerly known as Oriola-KD Corporation Oyj, is a Finland-based company active in the pharmaceutical sector. The Company is engaged in the retail and wholesale of pharmaceuticals, acting as a channel between pharmaceutical manufacturers and consumers, primarily in Finland and Sweden. The Company's reporting segments are Consumer, Services, and Healthcare. Through its own pharmacies, the Company provides consumers with not only medicines and pharmaceutical advice but also a selection of healthcare consumer products and customer service. The Company is active through a number of subsidiaries located throughout Europe, including PharmaService OY, Oriola AB, Oriola Oyj, Farenta Oy, Kronans Droghandel Apotek AB and Svensk dos AB.
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