Tieto Corporation STOCK EXCHANGE RELEASE 26 March 2013 8.35 am EET
The Board of Directors of Tieto Corporation has on 25 March 2013 decided on a directed share issue related to the reward payment for the performance period 2012 of Tieto’s Long-Term Incentive Programme 2012–2014.
In the share issue, 13 398 Tieto Corporation shares held by the company will be conveyed without consideration to the Leadership Team members participating in the Long-Term Incentive Programme in accordance with the terms and conditions of the programme. Shares will be delivered to key employees participating the programme in spring 2014. More detailed information about the launch and the terms and conditions of the programme is available in a Stock Exchange Release published on 16 December 2011.
The decision on the directed share issue is based on the authorization granted to the Board of Directors by the Annual General Meeting of Shareholders held on 25 March 2013. According to the authorization, a maximum of 700 000 shares may be issued as part of the company’s share-based incentive programmes.
After the share delivery, the company holds a total of 540 302 own shares.
For further information, please contact:
Tanja Lounevirta, Head of Financial Communications, tel. +358 50 321 7510, tanja.lounevirta (at) tieto.com
TIETO CORPORATION
DISTRIBUTION
NASDAQ OMX Helsinki
NASDAQ OMX Stockholm
Principal Media
Tieto is the largest Nordic IT services company providing full life-cycle services for both private and public sectors. The company has global presence through its product engineering business and the global delivery centers. Tieto is committed to develop enterprises and society through IT by realizing new opportunities in customers' business transformation. At Tieto, we believe in professional development and results.
Founded 1968, headquartered in Helsinki, Finland and with approximately 17 000 experts, the company operates in over 20 countries with net sales at approximately EUR 1.8 billion. Tieto's shares are listed on NASDAQ OMX in Helsinki and Stockholm. Please visit www.tieto.com for more information.