Presentation materials for YIT Corporation’s Extraordinary General Meeting published

STOCK EXCHANGE RELEASE                   June 17, 2013 at 9:00 a.m.

 

PRESENTATION MATERIALS FOR YIT CORPORATION’S EXTRAORDINARY GENERAL MEETING PUBLISHED

YIT Corporation is holding an Extraordinary General Meeting today, June 17, 2013, at 10:00 a.m. The Board of Directors of YIT has proposed to the Extraordinary General Meeting the approval of the demerger plan concerning YIT’s partial demerger and deciding on the partial demerger. Both Kari Kauniskangas, the future President and CEO of YIT Corporation, and Juhani Pitkäkoski, the future President and CEO of Caverion Oyj, will present a review at the meeting.

Henrik Ehrnrooth, Chairman of YIT’s Board of Directors, will also present a review on Caverion’s strategy and the benefits of the demerger for Caverion’s business.

“The demerger is a new start for Caverion’s business. It enables a deeper and broader service culture and development of business operations. Lean management structures, a tighter grip on business and cost-efficient head office functions will support the development of Caverion’s profitability in the future,” says Henrik Ehrnrooth.

No essential new information will be published in the reviews.

The agenda of the Extraordinary General Meeting was published in its entirety on May 3, 2013. The agenda of the Extraordinary General Meeting and the presentation materials of Henrik Ehrnrooth, Chairman of YIT Corporation’s Board of Directors, Kari Kauniskangas, the future President and CEO of YIT Corporation, and Juhani Pitkäkoski, the future President and CEO of Caverion Oyj, are available on the company’s website at www.yit.fi.

 

The registration document according to the Finnish Securities Markets Act, which includes information on Caverion and its business and financial position, as well as the securities note and summary (together with the registration document the “Prospectus”) related to the partial demerger disclosed by YIT on 5 February 2013 and the shares to be given as demerger consideration in connection with the partial demerger, have been available as of 5 June 2013 on YIT’s website at www.yit.fi/sijoittajat. The unofficial English translation of the Prospectus has been available as of 5 June 2013 on YIT’s website at www.yitgroup.com/investors.

 

For further information, please contact:

 

Hanna-Maria Heikkinen, Vice President, Investor Relations, YIT Corporation, +358 40 826 2172, hanna-maria.heikkinen@yit.fi

 

 

YIT Corporation

 

Hanna-Maria Heikkinen

Vice President, Investor Relations

 

 

Distribution: NASDAQ OMX, principal media, www.yit.fi

 

YIT is a leading European service company in building systems, construction services and services for industry. We have more than 25,000 professionals serving customers in 14 countries in the Nordic and Baltic countries, Russia and Central Europe. For over one hundred years we have grown together with our customers and developed our services in line with the changes taking place in different societies. We intend to continue on that track. Our vision is to lead the way in creating and maintaining good living environments. In 2012, YIT’s revenue was approximately EUR 4.7 billion. YIT’s shares are listed on NASDAQ OMX Helsinki. www.yit.fi

 

DISCLAIMER

 

This announcement is not an offer of securities for sale in any jurisdiction. No securities are being registered under the US Securities Act of 1933 and may not be offered or sold in the United States absent registration or an exemption from registration.  No public offering of securities is being made in the United States.

 

This release includes forward-looking statements. These forward-looking statements include, but are not limited to, all statements other than statements of historical facts contained in this communication, including, without limitation, those regarding the demerger plan and its execution. By their nature, forward looking statements involve known and unknown risks, uncertainties and other factors because they relate to events and depend on circumstances that may or may not occur in the future. Such statements are based on numerous assumptions and may differ materially from (and be significantly more negative than) those made in, or suggested by, the forward-looking statements contained in this release.

 

About Us

YIT is the largest Finnish and significant North European construction company. We develop and build apartments and living services, business premises and entire areas. We are also specialised in demanding infrastructure construction and paving. Together with our customers, our nearly 10,000 professionals are creating more functional, attractive and sustainable cities and environments. We work in 11 countries: Finland, Russia, Scandinavia, the Baltic States, the Czech Republic, Slovakia and Poland. The new YIT was born when over 100-year-old YIT Corporation and Lemminkäinen Corporation merged on February 1, 2018. Our pro forma revenue for 2018 was approximately EUR 3.8 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy. www.yitgroup.com

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