Panostaja Oyj Stock Exchange Bulletin, 16th December 2013, 16.00 p.m.
With reference to Board meeting fees, Panostaja Oyj’s AGM decided on 29st January 2013 that about 40% of the fee paid to a board member should be paid in accordance with the share issue authorisation given to the Board by transferring company shares to each Board member unless a Board member should already own more than one per cent of the total share capital on the date of the AGM. If a Board member’s holding in the company on the date of the AGM should exceed one per cent of the total share capital, the fee shall be paid fully in cash. Panostaja Oyj’s Board also decided at its organisational meeting held upon completion of the AGM to implement the AGM decision concerning Board member fees paid as shares in such a way that shares are transferred on a quarterly basis on the date following publication of the quarterly/annual report.
According to decisions taken at the AGM and by the Board, Panostaja Oyj today transferred to Board members a total of 16,439 shares as part of their Board meeting fees as follows:
A total of 5,479 shares were transferred to the chairman of the Board Jukka Ala-Mello. As a result of the transfer, his holdings in Panostaja Oyj and other instruments issued by Panostaja Oyj amount to 122,831 shares.
A total of 2,740 shares were transferred to Board member Eero Eriksson. As a result of the transfer, his holdings in Panostaja Oyj and other instruments issued by Panostaja Oyj amount to 27,514 shares.
A total of 2,740 shares were transferred to Board member Satu Eskelinen. As a result of the transfer, his holdings in Panostaja Oyj and other instruments issued by Panostaja Oyj amount to 32,586 shares.
A total 2,740 shares were transferred to Board member Antero Virtanen. As a result of the transfer, his holdings in Panostaja Oyj and other instruments issued by Panostaja Oyj amount to 10,899 shares.
A total of 2,740 shares were transferred to Board member Jukka Terhonen. As a result of the transfer, his holdings in Panostaja Oyj and other instruments issued by Panostaja Oyj amount to 50,899 shares.
Fees for Board member Mikko Koskenkorva have been paid fully in cash, as Mikko Koskenkorva’s holding on the date of the AGM exceeded the one per cent limit set by the AGM. Mikko Koskenkorva’s holdings in Panostaja Oyj and other instruments issued by Panostaja Oyj amount to 1,245,139 shares.
As a result of the transfer, the company holds a total of 474,517 shares.
PANOSTAJA OYJ, BOARD OF DIRECTORS
Juha Sarsama
CEO
For further information, please contact Juha Sarsama +358 40 774 2099