Tieto Corporation STOCK EXCHANGE RELEASE 16 May 2014, 9.00 am EET
The Board of Directors of Tieto Corporation has decided to utilize company shares in a new reward plan for selected key employees. The plan will run until the end of 2016. The maximum number of Tieto shares to be delivered to the participants is 62 500 shares.
The Board of Directors anticipates that shares to be delivered to the participants under the plan would consist of shares in the possession of the company or shares to be acquired from the market. Thus, no new shares will be issued in connection with the plan and, therefore, the incentive plan will have no dilutive effect.
Proposals for authorizing the Board of Directors to acquire own shares from the market and to issue shares based on the plan will be made to the Shareholders’ Annual General Meeting of 2016.
For further information, please contact:
Nina Lönnquist, Head of Compensation & Benefits, tel. +358 40 750 5804, nina.lonnquist (at) tieto.com
NASDAQ OMX Helsinki
NASDAQ OMX Stockholm
Tieto is the largest Nordic IT services company providing full life-cycle services for both the private and public sectors and product development services in the field of communications and embedded technologies. The company has global presence through its product development business and global delivery centres. Tieto is committed to developing 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 14 000 experts, the company operates in over 20 countries with net sales of approximately EUR 1.6 billion. Tieto’s shares are listed on NASDAQ OMX in Helsinki and Stockholm. Please visit www.tieto.com for more information.