Vantaa, Finland, 2015-01-08 08:00 CET (GLOBE NEWSWIRE) -- Cramo Plc Stock Exchange Release 8 January 2015 at 9.00 am (EET)
Cramo Performance Share Plan 2012 - directed share issue
The Board of Directors of Cramo Plc has on 17 December 2014 decided on a directed share issue related to the reward payment for the performance period 2012 of Cramo Performance Share Plan 2012.
In the share issue, 20 738 Cramo shares held by the company have been conveyed without consideration to the key employees participating in the Performance Share Plan 2012 in accordance with the terms and conditions of the plan. More detailed information about the launch and the terms and conditions of the plan is available in a stock exchange release published on 4 May 2012.
The decision on the directed share issue is based on the authorisation granted to the Board of Directors by the Annual General Meeting of Shareholders held on 1 April 2014. According to the authorisation, a maximum of 400 000 shares may be issued as part of the company´s share-based incentive programmes.
After the share delivery, the company holds a total of 295 550 own shares.
CRAMO PLC
Vesa Koivula
President and CEO
Further information:
Vesa Koivula, President and CEO, tel. +358 40 510 5710
Distribution:
NASDAQ OMX Helsinki Ltd.
Major media
www.cramo.com
Cramo is Europe’s second largest rental services company specialising in construction machinery and equipment rental and rental-related services as well as the rental of modular space. Cramo operates in fifteen countries with 360 depots. With a group staff around 2.500, Cramo's consolidated sales in 2013 was EUR 660 million. Cramo shares are listed on the NASDAQ OMX Helsinki Ltd.