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 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