Changes in Outotec's own shares
(Thomson Reuters ONE) -
OUTOTEC OYJ STOCK EXCHANGE RELEASE APRIL 7, 2017 at 1:00 PM
Changes in Outotec's own shares
Outotec's Board of Directors has decided to issue Outotec shares held by the
company for the payment of the free shares of Outotec's Employee Share Savings
Plan from the 2014 savings period.
Outotec's Employee Share Savings Plan is offered for all employees globally in
countries where there are no local legal, taxation or administrative restraints.
Employees participating in the Plan save a proportion of their salary for
purchasing Outotec shares. For the year 2014, Outotec offered one free share for
each two acquired shares after a designated holding period of approximately
three years. Approximately 1,270 Outotec employees are eligible for free shares
from the 2014 saving period. Free shares are taxable income for the recipient
and will be paid partly in Outotec's shares and partly in cash to cover taxes
and tax-related payments. The exact amount of payable shares will be defined
when the holding period of the Employee Share Savings Plan ends on May 15, 2017.
The estimated rewards paid in shares in total is maximum 190,000 shares.
For further information please contact:
OUTOTEC
Jari Ålgars, 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 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: Outotec Oyj via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 07.04.2017 - 12:01 Uhr
Sprache: Deutsch
News-ID 535194
Anzahl Zeichen: 1968
contact information:
Town:
Espoo
Kategorie:
Business News
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