Suominen Corporation Stock Exchange Release 6 March 2018 at 3:00 pm EET
Suominen’s directed share issue without payment for the reward payment from share-based incentive plans
The Board of Directors of Suominen Corporation has on 6 March 2018 resolved on a directed share issue without payment for the reward payment from Suominen’s Matching Share Plan 2015 and from the Performance Share Plan 2015 (Performance Period 2015-2017). The plans have in total 14 participants.
Based on the terms and conditions of the plans and after the deduction of the cash portion of the reward for taxes, the estimated number of shares earned by the participants is 89,568 shares. These shares will be conveyed to the participants from Suominen’s treasury shares through a directed share issue without payment.
Further information about the terms and conditions of the share-based incentive plans is available in the Stock Exchange Release published on 4 December 2014 or in the Remuneration Statement 2017 available on Suominen’s website.
The resolution on the directed share issue without payment is based on the authorization granted to the Board of Directors by the Annual General Meeting held on 16 March 2016.
The shares will be transferred to the book-entry accounts of the participants on or about 12 March 2018. The number of Suominen’s treasury shares on 6 March 2018 is 876,280 and after the transfer 786,712.
Nina Kopola, President & CEO