CONVEYANCE OF YIT CORPORATION’S OWN SHARES UNDER YIT’S SHARE OWNERSHIP PLAN

STOCK EXCHANGE RELEASE  APRIL 26, 2013 AT 8:05 A.M.

 

CONVEYANCE OF YIT CORPORATION’S OWN SHARES UNDER YIT’S SHARE OWNERSHIP PLAN

 

The Board of Directors of YIT Corporation has on April 25, 2013 decided on a directed share issue for the reward payment from the 2012 earning period under the Share Ownership Plan 2010-2016.

In the share issue, 224,743 YIT Corporation shares will be issued and conveyed without consideration to the key persons participating in the Share Ownership Plan according to the terms and conditions of the plan.

YIT Corporation's Board of Directors decided on March 10, 2010, to implement a share-based incentive scheme to support the company's strategy of profitable growth and supplement the existing incentive schemes. Rewards will be paid to 247 people belonging to the company's management and personnel for the 2012 earning period. The terms of the Share Ownership Plan were disclosed in more detail in a stock exchange release published on March 10, 2010.

The decision on the directed share issue is based on the authorization granted to the Board of Directors by the Annual General Meeting of Shareholders held on March 10, 2010.

After the directed share issue, the company holds 1,618,560 own shares.

 

For additional information, please contact: 

Pii Raulo, Senior Vice President, Human Resources, YIT Corporation, tel. +358 20 433 2254, pii.raulo@yit.fi

 

YIT CORPORATION

 

Hanna-Maria Heikkinen

Vice President, Investor Relations

 

Distribution: NASDAQ OMX, principal media, www.yitgroup.com

 

YIT is a leading European service company in building systems, construction services and services for industry. Our 25,000 professionals serve customers in 14 countries in the Nordic and Baltic countries, Russia and Central Europe. Over one hundred years we have grown together with our customers and developed our services in line with the changes taking place in different societies. We intend to continue on that track. Our vision is to lead the way in creating and maintaining good living environments. In 2012, YIT’s revenue was approximately EUR 4.7 billion. YIT’s shares are listed on NASDAQ OMX Helsinki. www.yitgroup.com

About Us

YIT creates better living environment by developing and constructing housing, business premises, infrastructure and entire areas. Our vision is to bring more life in sustainable cities. We want to focus on caring for customer, visionary urban development, passionate execution and inspiring leadership. Our growth engine is urban development involving partners. Our operating area covers Finland, Russia, the Baltic countries, the Czech Republic, Slovakia and Poland. In 2016, our revenue amounted to nearly EUR 1.8 billion, and we employ about 5,300 employees. Our share is listed on Nasdaq Helsinki. www.yitgroup.com

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