Tieto Plans €90 Million Buyback After €150m Program
Tieto is conducting a series of share buyback programs to optimize capital structure and fund share-based incentive plans, with an ongoing €150 million program already in place and first in line to be completed before any new activity starts. A new €90 million buyback is being launched, financed by the proceeds from divesting Edlevo and HR&Payroll and will run until around March 2027, with potential extension. In addition, the board has authorized repurchases of up to 11,800,000 shares (about 10% of issued capital) to support capital allocation and liquidity goals, to be executed over the next 12 months as market conditions allow. Individual repurchases under these programs will be conducted on Nasdaq Helsinki at prevailing market prices, with some programs cancelling shares as they are bought. Nordea has been appointed as the independent intermediary to execute the buybacks, and the company notes it has unrestricted equity available to fund these programs. Collectively, the programs aim to maintain an efficient capital structure while enabling flexibility in timing and sizing based on market opportunities and ongoing corporate priorities.
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