Change in the holding of Kesko Corporation's treasury shares

Kesko has today transferred a total of 71,432 own B shares (KESKOB) held by the company in treasury to members of Kesko's management and other selected key persons included in the target group for the 2017-2018 performance period of Kesko's share-based commitment and incentive plan (PSP).

The share transfer is based on the decision of Kesko's Board of Directors, announced in a stock exchange release on 6 February 2019, to grant own B shares held by the company in treasury, on the basis of the fulfilment of the performance criteria for the 2017-2018 performance period of the share-based commitment and incentive plan (PSP). The figure cited in the release of 6 February 2019 (142,850 B shares) represents gross earnings, from which the applicable withholding tax has been deducted and the remaining net amount has been paid to the participants in Kesko’s B shares.

After the transfer of the shares, Kesko holds 930,342 own B shares as treasury shares.

Further information is available from Mika Majoinen, EVP, Group General Counsel, tel. +358 105 322 206. 

Kesko Corporation

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