SRV Companies recently appointed Ari Lehtoranta as chairman of its board. In addition to Mr. Lehtoranta, Tuomas Kokkila was also elected to the board. The company announced the re-election of Matti Ahokas, Hannu Leinonen, and Heli Iisakka during a general meeting held in February 2023.
During the same meeting, it was decided that SRV Companies would not distribute a dividend for the 2023 financial year. Instead, the board was given authorization to acquire up to 1.7 million of its own shares, with the possibility of owning a maximum of 10 percent of all the company’s shares at any given time, including shares owned by the company and its subsidiaries. This authorization also allows for the transfer of 1.7 million own shares, valid until June 30, 2025.
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It’s worth noting that companies have been grappling with various challenges in recent years such as supply chain disruptions due to global economic downturns and pandemics, inflationary pressures and rising costs among others that have impacted their financial performance and decisions they need to make like dividends distribution or share buybacks.
In conclusion, SRV Companies has recently appointed Ari Lehtoranta as chairman of its board and elected Tuomas Kokkila as new board member during a general meeting held in February 2023. The company has also decided not to distribute a dividend for the 2023 financial year but has been given authorization to acquire up to 1.7 million of its own shares with a maximum ownership limit of 10%.
