Helsinki, 2013-03-12 12:35 CET (GLOBE NEWSWIRE) -- DIGIA PLC STOCK EXCHANGE RELEASE 12 MARCH 2013 AT 13:35
PAYMENT OF DIGIA PLC MANAGEMENTS SHARE BONUS WITH TREASURY SHARES IN COMPANYS POSSESSION
The Board of Directors of Digia Plc has today resolved on execution of the payment of shares bonuses for year 2012 pursuant to the existing management share bonus scheme.
Based on year 2012 the company’s CEO and other management team will be paid a share bonus in the total amount of 35,000 shares. In addition to the share bonus the management will be paid an equal amount of cash to be used primarily for taxes incurred due to the bonus payment.
The share bonus shall be paid through transferring to the management 1,674 company shares managed by Evli Alexander Management Ltd., which shares the company has financed to be acquired for the purpose of being used for management incentives.
The remaining share bonus shall be paid through directing the management a directed share issue of 33,266 shares without consideration as prescribed in Chapter 9 section 4 of the Companies Act, on which the Board of Directors has today resolved pursuant to the authorization of the Annual General Meeting held on 12 March 2013.
The share capital of Digia Plc comprises 20,875,645 shares, out of which the company will hold 57,372 shares as treasury shares after the share issue.
Board of Directors
For further information
President and CEO Juha Varelius, gsm +358 400 855849,
NASDAQ OMX Helsinki
Financial Supervisory Authority