Outokumpu - Payment of reward shares with treasury shares

OUTOKUMPU OYJ
STOCK EXCHANGE RELEASE
January 30, 2014 at 1.00 pm EET
 

The Board of Directors of Outokumpu Oyj has resolved on the payment of reward shares to people in key positions based on the share-based incentive schemes of 2010 and 2013. Altogether 68,159 shares are paid to the participants.

The reward shares from the restricted shares program 2010 relate to the end of the retention period and those from to the performance share plan 2013 to the achieved savings targets during the year.

The reward shares are paid with treasury shares in the company’s possession, which means that the total number of shares of the company does not change. After the payment of the reward shares, Outokumpu has 947,729 treasury shares.

For more information:

Investors: Johanna Henttonen, tel. +358 9 421 3804, mobile +358 40 530 0778

Media: Saara Tahvanainen, tel. +358 40 589 0223

Outokumpu Group



Outokumpu is the global leader in stainless steel and high performance alloys. We create advanced materials that are efficient, long lasting and recyclable – thus building a world that lasts forever. Stainless steel, invented a century ago, is an ideal material to create lasting solutions in demanding applications from cutlery to bridges, energy and medical equipment: it is 100% recyclable, corrosion-resistant, maintenance-free, durable and hygienic. Outokumpu employs more than 15 000 professionals in more than 40 countries, with headquarters in Espoo, Finland and shares listed in the NASDAQ OMX Helsinki. www.outokumpu.com