I don’t really believe that Admicom would start buying back its own shares for cancellation yet, while at the same time the company is expected to—and aims for—organic and partly also inorganic growth. All the money spent on buybacks would be taken away from growth investments. After all, the dividend payout was just adjusted downwards to accelerate growth by increasing the amount of capital remaining to be invested in the business. Starting share buybacks would counteract this goal. Many Finnish companies have similar authorizations in place, but they are rarely used in full (excluding the likes of Sampo and Nordea + a few other exceptions); often, some small buyback round is conducted to acquire shares for management bonuses.
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