YIT APPLIES FOR THE REDUCTION OF ITS ROUND LOT FROM 200 TO 50
YIT Corporations Board of Directors resolved to apply to Helsinki Exchanges for the reduction of the companys round lot from its current number of 200 to 50 shares. Compared with the average value of round lots of companies listed on Helsinki Exchanges, YITs round lot is currently expensive. Calculated according to the closing rate on October 27, 2003, the value of YITs round lot was EUR 5,180.
YIT seeks to stimulate the interest of private persons and Finnish small investors in the companys share, thereby increasing the companys profile and the number of small shareholders. The reduction of the round lot will make it easier to invest in YIT shares. As the number of small shareholders increases, the companys shareholder structure will become more diversified and the liquidity of the share will improve.
Veikko Myllyperkiö Vice President, Corporate Communications
For additional information, contact: Executive Vice President Esko Mäkelä, tel. +358 20 433 2258, firstname.lastname@example.org Petra Thorén, Manager, Investor Relations, tel. +358 20 433 2635, email@example.com
Distribution: Helsinki Exchanges, principal media, www.yit.fi
YIT is the largest Finnish and significant North European construction company. We develop and build apartments, business premises and entire areas. We are also specialised in demanding infrastructure construction and paving. Together with our customers our 10,000 professionals are creating more functional, more attractive and more sustainable cities and environments. We work in 11 countries: Finland, Russia, Scandinavia, the Baltic States, the Czech Republic, Slovakia and Poland. The new YIT was born when over 100-year-old YIT Corporation and Lemminkäinen Corporation merged on February 1, 2018. Our pro forma revenue for 2017 was over EUR 3.8 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy. www.yitgroup.com