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Tietoevry’s Board of Directors decides on a directed share issue without payment as part of the share-based incentive schemes of the Group’s key employees

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Tietoevry Corporation     STOCK EXCHANGE RELEASE     25 April 2024   9:00 a.m. EEST

 

On 24 April 2024, the Board of Directors of Tietoevry Corporation has resolved on a directed share issue without payment in order to pay the rewards of the Performance Share Plan 2021–2023 and Restricted Share Plan 2021–2023 for key employees of the Group. In the share issue, a total of 214 379 new shares are issued free of payment to the eligible reward recipients. Rewards will be paid to a total of 449 key employees.

 

The main terms of the 2021–2023 share-based incentive plans were published in a stock exchange release on 17 February 2021. Contrary to the announcement on that date, the share rewards are paid in the company’s new shares.

 

The share issue is based on the authorization granted to the Board of Directors by the Annual General Meeting held on 13 March 2024. The new shares are estimated to be registered with the Trade Register on 14 May 2024 and trading in the new shares on the main list maintained by Nasdaq Helsinki Ltd, together with the old shares, is estimated to commence on 15 May 2024.

 

As a result of the share issue, the total number of shares in Tietoevry Corporation will increase to 118 640 150 shares.

 

Tietoevry Corporation
 

For further information, please contact

Trond Vinje, Head of HR, tel. +47 400 11798, trond.vinje (at) tietoevry.com

 

DISTRIBUTION

Nasdaq Helsinki

Nasdaq Stockholm

Oslo Børs

Principal Media

 

Tietoevry creates purposeful technology that reinvents the world for good. We are a leading technology company with a strong Nordic heritage and global capabilities. Based on our core values of openness, trust and diversity, we work with our customers to develop digital futures where businesses, societies, and humanity thrive.

 

Our 24 000 experts globally specialize in cloud, data, and software, serving thousands of enterprise and public sector customers in more than 90 countries. Tietoevry’s annual turnover is approximately EUR 3 billion and the company’s shares are listed on the NASDAQ exchange in Helsinki and Stockholm, as well as on Oslo Børs. www.tietoevry.com

 

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