Cityvarasto Plc Company Release October 12, 2026 at 3.00 p.m. EEST
Cityvarasto initiates a share buyback program
The Board of Directors of Cityvarasto Plc has decided to initiate a share buyback program based on the authorization granted by the Annual General Meeting held on April 28, 2026.
The share buyback program will start on October 13, 2026 at the earliest and end on December 31, 2026 at the latest. The total number of own shares to be repurchased may not exceed 45,000 shares, which corresponds to approximately 0.56% of all shares in the company. The maximum amount to be used for the repurchase of shares is EUR 500,000. The shares will be repurchased otherwise than in proportion to the shareholdings of the shareholders through public trading on the Nasdaq First North Growth Market Finland marketplace maintained by Nasdaq Helsinki Ltd at the market price prevailing at the time of repurchase. The shares will be repurchased using funds in the company’s unrestricted equity.
The purpose of the share repurchases is to develop the company’s capital structure by reducing equity. The shares will be repurchased to be cancelled, held by the company, further transferred or used for other purposes decided by the Board of Directors.
The company has appointed an external service provider to execute the share buyback program independently. The service provider will make all trading decisions independently, subject to the terms of the program and applicable regulation. The share buyback program may be suspended or terminated before the scheduled end date, in which event the company will publish a company release on the matter.
The company will report the transactions carried out under the program in accordance with applicable regulation and market practice.
The Annual General Meeting held on April 28, 2026 authorized the Board of Directors to decide on the repurchase of a maximum of 800,000 of the company’s own shares in one or more tranches, corresponding to approximately 9.97% of all shares in the company. The authorization is valid until June 30, 2027.
Cityvarasto Plc has a total of 8,027,002 shares, of which the company currently holds 39,565 treasury shares.
Further information
Ville Stenroos, CEO, Cityvarasto Plc, tel. +358 29 123 4747
Matti Leinonen, CFO, Cityvarasto Plc, tel. +358 29 123 4768
Certified Adviser
Skandinaviska Enskilda Banken AB (publ) Helsinki Branch, tel. +358 9 6162 8000
Information about Cityvarasto
Cityvarasto is a Finnish company established in 1999, operating in the self-storage sector. In addition to the parent company Cityvarasto Plc, the Cityvarasto Group includes, as its principal subsidiaries, PakuOvelle.com Oy, which specialises in van rentals, as well as moving services companies Suomen Opiskelijamuutot Oy and Ja-Ki Muutto Oy. The company’s shares are listed on Nasdaq First North Growth Market Finland under the ticker symbol CITYVA.