Stock exchange release
May 4, 2012 at 7.00 pm (CET+1)
Based on the decision of the Annual General Meeting of Kemira Oyj on March 21, 2012, Kemira Oyj has transferred 10,891 shares to the members of the Board of Directors as part of remuneration of the Board.
Trading code: KRA1V
Number of shares: 10,891
The price per share of the transferred shares is EUR 9.34, which is the volume weighted average quotation of the Kemira Oyj share on May 4, 2012.
After the transfer on May 4, 2012, the Company will continue to hold a total of 3,301,769 shares.
The Annual General Meeting on March 21, 2012 decided that the annual fee for the Board of Directors be paid as a combination of the company's shares and cash in such a manner that 40% of the annual fee is paid with the company's shares owned by the company or, if this is not possible, shares purchased from the market, and 60% is paid in cash. According to the decision the shares will be transferred to the members of the Board of Directors and, if necessary, acquired directly on behalf of the members of the Board of Directors within two weeks from the release of Kemira's interim report January 1 - March 31, 2012.
For more information, please contact
Tero Huovinen, Director, Investor Relations
+358 10 862 1980
Kemira is a global over two billion euro water chemistry company that is focused on serving customers in water-intensive industries. The company offers water quality and quantity management that improves customers' energy, water, and raw material efficiency. Kemira's vision is to be a leading water chemistry company.
