Lehto Group Plc: Lehto transfers its own shares related to its share-based employee incentive program
Lehto Group Plc
Stock exchange release
March 31, 2021 at 1.00 p.m. (EET)
The Board of Directors of Lehto Group Plc has on March 31, 2021 decided on a directed share issue, by authorization of the General Meeting of Shareholders on April 14, 2020 for the purpose of implementation of the incentive and commitment program directed to the key personnel of the Group.
In the share issue, Lehto Group Plc has on March 31, 2021 transferred without consideration a total of 69,544 of the company’s own shares to the key employees participating in the program based on year 2018 earning period. The transferred shares represent 0,08% of Lehto’s total outstanding shares. More detailed information about launch the terms and conditions of the 2018 program is available in a stock exchange release published on February 15, 2018.
Following the transfer, Lehto Group Plc holds a total of 179,965 of its own shares.
Chief Financial Officer
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Lehto Group PLC:
Lehto is an innovator in the construction sector. We build housing, business premises, care homes and schools. In addition, we carry out pipeline renovations in apartment buildings. Our goal is to transform our industry – to build faster, at a more affordable price and with higher quality. Lehto’s approach to construction is in line with the megatrends in the sector: industrial prefabrication, digitalisation and ecology.