Directed share issue of treasury shares related to Lemminkäinen Corporation’s performance share plan for 2013-2015
LEMMINKÄINEN CORPORATION STOCK EXCHANGE RELEASE 13 MARCH 2017 AT 9:00 A.M.
DIRECTED SHARE ISSUE OF TREASURY SHARES RELATED TO LEMMINKÄINEN CORPORATION’S PERFORMANCE SHARE PLAN FOR 2013-2015
In 2012, the Board of Directors of Lemminkäinen Corporation decided on a share-based incentive plan for years 2013-2015. More detailed information regarding the terms and conditions of the incentive plan was published as a stock exchange release on 22 November 2012.
There were 44 participants in the incentive plan during the performance period 2014, entitled to 16,883 Lemminkäinen Corporation’s shares in total. To four of these persons, who are entitled to 1,687 shares in total, the reward is to be paid in 2017.
To make these payments, the Board of Directors of Lemminkäinen Corporation has decided on a directed share issue without payment. In this share issue, in total 1,687 shares held by the company will be conveyed. The shares will be conveyed on or about 22 March 2017.
The decision to convey the shares in a directed share issue without payment is based on the authorisation given to the Board of Directors by the Annual General Meeting on 22 March 2016.
After the conveying of the shares, the number of own shares held by Lemminkäinen will be 15,000. The directed share issue will not have an impact on the total number of Lemminkäinen Corporation’s shares.
Johan Nybergh, General Counsel
Tel. +358 2071 54811
Nasdaq Helsinki Ltd
Lemminkäinen is an expert in complex infrastructure construction and building construction in Northern Europe and one of the largest paving companies in its market. Together with our customers and 4,700 professionals we employ, we build a sustainable society. In 2016, our net sales were EUR 1.7 billion. Lemminkäinen Corporation’s share is quoted on Nasdaq Helsinki Ltd. www.lemminkainen.com