Cargotec's transfer of own shares based on incentive programmes
(Thomson Reuters ONE) -
CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 31 MARCH 2017 AT 8.30 AM (EEST)
Cargotec's transfer of own shares based on incentive programmes
The Board of Directors of Cargotec Corporation has decided on a directed share
issue related to the reward payments for share-based incentive programmes. The
share reward payments are related to Cargotec's share-based incentive programme
2014, 2016 allocation of restricted shares programme 2014-2016 under the share-
based incentive programme 2014, and 2016 allocation of restricted shares
programme 2016-2018 under the share-based incentive programme 2016.
In the share issue, 56,709 own class B shares held by the company have been
transferred without consideration to the key employees participating in the
share based incentive programmes in accordance with the programme specific terms
and conditions. More detailed information about the launch and the terms and
conditions of the programmes is available in stock exchange releases published
on 4 February 2014 and on 10 February 2016.
After the transfer of shares, Cargotec holds a total of 208,390 own shares.
The decision on the directed share issue is based on the authorisation granted
to the Board of Directors by the Annual General Meeting on 18 March 2014.
According to the authorisation, the Board of Directors can decide on a share
issue amounting to a maximum of 952,000 class A shares and 5,448,000 class B
shares. In accordance with the authorisation, previously 26,684 own class B
shares were transferred on 18 March 2014, 28,030 class B shares on 31 March
2015 and 27,601 class B shares on 31 March 2016.
Cargotec Corporation
The Board of Directors
For further information, please contact:
Mikko Puolakka, Executive Vice President and CFO, tel. +358 20 777 4105
Hanna-Maria Heikkinen, Vice President, Investor Relations, tel. +358 20 777 4084
Cargotec (Nasdaq Helsinki: CGCBV) is a leading provider of cargo and load
handling solutions with the goal of becoming the leader in intelligent cargo
handling. Cargotec's business areas Kalmar, Hiab and MacGregor offer products
and services that ensure our customers a continuous, reliable and sustainable
performance. Cargotec's sales in 2016 totalled approximately EUR 3.5 billion and
it employs over 11,000 people. www.cargotec.com
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Cargotec Corporation via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 31.03.2017 - 07:31 Uhr
Sprache: Deutsch
News-ID 533632
Anzahl Zeichen: 2964
contact information:
Town:
Helsinki
Kategorie:
Business News
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