Kesko Corporation to transfer own shares held by the Company as treasury shares

The Board of Directors of Kesko Corporation has decided to implement the resolution made by the Annual General Meeting on 8 April 2019 to pay approximately 30% of the annual fees for members of the Board in B series shares in the Company, by using B shares held by the Company as treasury shares in the payment of the share portion of the fees. 

The Board of Directors of Kesko Corporation has decided to implement the resolution made by the Annual General Meeting on 8 April 2019 to pay a portion of the annual fees for the members of the Board in B shares in the Company, by using the valid share issue authorisation granted by the General Meeting of 4 April 2016 to transfer own B shares held by the Company as treasury shares to the members of the Board. The total number of shares to be transferred is 2,378 B shares which, in line with the resolution of the Annual General Meeting, corresponds to approximately 30% of the annual fee of each Board member calculated on the closing price of the date of the Board’s meeting, 24 April 2019. The transfer of the shares will take place, in line with the resolution of the Annual General Meeting, on the first working day to follow the publication of the interim report for the first quarter of 2019. A Board member cannot transfer shares obtained in this manner until either three years have passed from the day the member has received the shares or their membership on the Board has ended, whichever comes first. 

The resolution of the Annual General Meeting was communicated in a stock exchange release on 8 April 2019.  

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

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Nasdaq Helsinki Ltd
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www.kesko.fi

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