Rapala VMC Corp. communicated on March 25 that its board had decided to start buying back a maximum of 100,000 of Rapala VMC’s own shares, for a maximum outlay of €700,000. The buy-back of its own shares started on April 1st and ended on May 10. During this period, the Finnish fishing tackle company repurchased 86,043 shares for an average price of €8.1354 per share. The number of shares corresponds to around 0.22 percent of the company’s 39 million shares. The shares were repurchased to develop the company’s capital structure and/or to be used as consideration in potential acquisitions or other business arrangements. The shares were repurchased through public trading on Nasdaq Helsinki at the market price prevailing at the time of repurchase. Following the repurchases, the company now holds a total of 365,236 own shares. The Rapala group’s brand portfolio includes Rapala and other global brands like VMC, Sufix, Storm, Blue Fox, Luhr Jensen, Williamson, Dynamite Baits, Mora Ice, StrikeMaster, Marttiini, Peltonen, 13 Fishing outside of the U.S. as well as Okuma in Europe and Russia.

Topics