Tietoevry Corporation announced that its Board of Directors has approved a share buyback programme valued at EUR 150 million. The company stated that the purpose of this initiative is to maintain an efficient capital structure in accordance with its capital allocation principles.
The authorization for the buyback was granted by Tietoevry’s Annual General Meeting in 2025, allowing the Board to repurchase up to 11,585,000 shares, which represents about 10% of all shares in the company. The company confirmed it has sufficient unrestricted equity available for this repurchase.
Following the recent completion of the sale of Bekk Consulting AS, Tietoevry said it now has an opportunity to distribute proceeds from this divestment through a share buyback while staying within its leverage target—specifically keeping net debt to EBITDA below 2.0.
The main terms of the programme specify that up to EUR 150 million will be used for repurchasing shares on Nasdaq Helsinki at market prices formed during public trading. The programme will begin no earlier than February 13, 2026 and may continue until March 31, 2027. Repurchased shares are set to be cancelled monthly.
Tietoevry explained that “the share buyback programme will be implemented in accordance with the safe harbour arrangement of EU Market Abuse Regulation (MAR). The company has appointed Nordea as the independent financial intermediary to carry out the share repurchases. Intermediary will make all trading decisions regarding the timing of the purchases independently of the company, subject to the terms of the programme and applicable regulation.”
It was also noted that “the repurchase of shares may be temporarily paused, suspended or terminated before the scheduled end date. In such cases, the company will announce the matter in a stock exchange release.” Daily updates on transactions under this programme will be published via stock exchange releases.
For further information regarding this announcement, Tommi Järvenpää, Head of Investor Relations at Tietoevry Corporation (+358 40 576 0288), can be contacted.
Tietoevry is a software and digital engineering services provider with global operations and approximately EUR 2 billion in annual revenue. Its shares are listed on NASDAQ Helsinki, NASDAQ Stockholm and Oslo Børs. More details about Tietoevry can be found at www.tieto.com
