Transfer of Pihlajalinna’s own shares
Pihlajalinna Plc Stock exchange release 9 May 2023 at 9:40 a.m.
Transfer of Pihlajalinna’s own shares
Based on the decision of the General Meeting held on 4 April 2023, Pihlajalinna Plc has complemented the number of own shares transferred on 8 May 2023 as a complement a total of 11,861 own shares possessed by the company to the members of the Board of Directors of Pihlajalinna as part of the Board of Director’s annual remuneration.
After the transfer, the company possesses 58,630 own shares.
Pihlajalinna’s General Meeting on 4 April 2023 decided that the Board of Director’s annual remuneration will be paid in company shares and money so that about 40% of the remuneration is used to procure company shares on the behalf of the members of the Board of Directors and the remaining share of the remuneration is paid in money. The remuneration can be paid either entirely or partially in money, if the member of the Board of Directors has on the day of the Annual General Meeting, 4 April 2023, been in possession of over EUR 1 million worth of company shares.
The company is responsible for the expenses and transfer tax caused by the procurement of the shares. The remuneration to be paid in shares can be paid by transferring company shares in possession of the Company to the members of the Board of Directors or by procuring shares directly on the behalf of the Board members within three weeks after the interim report for the period of 1 January – 31 March 2023 has been published.
The plan to pay the remuneration of members of the Board of Directors with the company’s own shares was announced on 4 April 2023 in a stock exchange release issued concerning the decisions of Pihlajalinna’s Annual General Meeting.
Further information:
Tuula Lehto, Vice President, Communications and Sustainability
tel. +358 40 5885 343, tuula.m.lehto@pihlajalinna.fi
Distribution:
Nasdaq Helsinki Ltd.
Key media
investors.pihlajalinna.fi
Pihlajalinna in brief
Pihlajalinna is one of the leading providers of private healthcare and wellbeing services in Finland. The Group produces doctor's appointment services and specialised care, occupational healthcare and oral healthcare services, and residential and welfare services. To public entities Pihlajalinna offers social and healthcare service production models, in which the cooperation between the public and private sectors guarantees high-quality services for citizens. In 2022, Pihlajalinna's revenue was 690.5 million euros. More than 7,000 employees and 2,000 practitioners work at Pihlajalinna. Pihlajalinna's shares are listed on Nasdaq Helsinki Oy. Read more www.pihlajalinna.fi.