Kojamo plc Initiates Share Buyback Program
On July 31, 2025, Kojamo plc, the largest private residential real estate company in Finland, announced a new share buyback program initiated by its Board of Directors. This decision follows the authorization obtained during the Annual General Meeting held on March 13, 2025. The primary goal of this share buyback initiative is to optimize Kojamo's capital structure through a strategic reduction of its capital.
Program Details
The newly approved buyback program allows Kojamo to repurchase up to 7 million of its own shares, which represents approximately 2.8% of the total shares outstanding. The total financial commitment for these repurchases is capped at EUR 75 million. The shares will be repurchased from the regulated market of Nasdaq Helsinki Ltd at market prices prevailing at the time.
Kojamo plans to fund these share repurchases through its unrestricted equity, ensuring that the buyback activity occurs without compromising the company’s financial stability. The shares are expected to be repurchased after the company's closed period, with the program set to commence on August 22, 2025, and scheduled to conclude no later than March 6, 2026. Following this period, all repurchased shares will be canceled, contributing to a more favorable capital structure.
Compliance and Management
The program will adhere to the safe harbor provisions outlined in the EU Market Abuse Regulation (Regulation (EU) No 596/2014) and associated delegated regulations. In managing this buyback initiative, Kojamo has engaged Nordea Bank Abp as the designated securities broker. This third-party involvement allows for independent trading decisions, ensuring an unbiased execution of the buyback strategy.
Future Considerations
It’s important to note that Kojamo retains the right to suspend or terminate the buyback program prior to its planned conclusion. Should any changes arise regarding the program, Kojamo will promptly inform the public via a stock exchange release.
Before beginning this initiative, Kojamo does not hold any of its shares, which sets the stage for a fresh perspective on its capital management. This buyback program reflects Kojamo's commitment to enhancing shareholder value while continuing to pursue its mission of providing high-quality urban housing solutions.
Company Profile
Founded in Finland, Kojamo plc operates as one of the preeminent names in the private residential real estate sector. The company aims to create better urban living conditions through innovative housing solutions like its Lumo brand, which is recognized for eco-friendly and sustainable living environments. By actively managing and developing its property portfolio, Kojamo seeks to enhance the value of its assets while ensuring a straightforward living experience for its customers.
For further inquiries, interested parties can reach out to:
- - Erik Hjelt, CFO – [email protected], +358 20 508 3225
- - Niina Saarto, Director of Treasury & Investor Relations – [email protected], +358 20 508 3283
Conclusion
Kojamo's share buyback program represents a strategic move aimed at bolstering its capital structure while emphasizing the company's commitment to delivering shareholder value. As the initiative unfolds, it will be interesting to see the impact on Kojamo's operations and market standing within the competitive real estate landscape of Finland.