Directed share issue for payment of year 2014 share-based incentive program
(Thomson Reuters ONE) -
OUTOTEC OYJ STOCK EXCHANGE RELEASE APRIL 28, 2015 at 10:00 AM
Directed share issue for payment of year 2014 share-based incentive program
Outotec's Board of Directors has decided on issuance of shares held by the
company for payment of the reward of the Share-based Incentive Program
2013-2015 from the 2014 earning period. The reward equals 10.95 % of the
eligible maximum reward for the earning period, it can be paid to a maximum of
167 Outotec employees and is at maximum 100,621 shares.
Outotec's Board of Directors has resolved to convey for free to the participants
by a directed share issue without consideration a total maximum number of
77,227 Outotec shares held by the company. The Share-based Incentive Program's
third-party administrator currently holds a total of 23,394 Outotec shares,
which will be used as part of the reward payment.
On March 30, 2015, the Annual General Meeting of Outotec authorized the Board of
Directors to decide on the issuance of shares (maximum 18,312,149 shares, or
approximately 10% of total shares) and the issuance of special rights entitling
to shares. After the Share-based Incentive Program share issue, the Board has a
remaining authorization for 18,234,922 shares valid until the closing of the
next Annual General Meeting.
For further information please contact:
OUTOTEC
Mikko Puolakka, CFO
Tel. +358 20 529 211
Email: firstname.lastname(at)outotec.com
DISTRIBUTION:
NASDAQ Helsinki
Main media
www.outotec.com
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Outotec Oyj via GlobeNewswire
[HUG#1915749]
Unternehmensinformation / Kurzprofil:
Datum: 28.04.2015 - 09:02 Uhr
Sprache: Deutsch
News-ID 388881
Anzahl Zeichen: 2240
contact information:
Town:
Espoo
Kategorie:
Business News
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