NEO INDUSTRIAL PLC STOCK EXCHANGE RELEASE 24 June 2015 at 2.30 pm
NEO INDUSTRIAL PLC: CHANGE IN NEO INDUSTRIAL PLC’S OWN B SHARES HELD BY THE COMPANY
The Annual General Meeting on 3.4.2014 approved that the members of the Board be paid a bonus based on the development of the company's B share price. Should the annual return exceed 50 percent, the bonus shall be paid in accordance with 50 percent.
Furthermore, the AGM decided that approximately 40 per cent of the bonuses will be paid with the shares of the company.
The share price of Neo Industrial Plc B shares has risen 1 May 2015 – 30 April 2015 from EUR 0.73 to EUR 2.05 (181 %). The bonus has been paid in accordance with 50 percent.
According to decisions made by the Annual General Meeting on 3.4.2014 Neo Industrial Plc has assigned 30,150 own B shares to the members of the Board of Directors as a part of the bonus remuneration concerning period 3.4.2014 - 9.4.2015.
Neo Industrial Plc is holding 30,525 own B shares after this assignment.
Hyvinkää, 24 June 2015
Neo Industrial Plc
The Board of Directors
FURTHER INFORMATION
Jari Salo, Managing Director, tel. +358 207 209 196
Neo Industrial's strategy is to invest mainly in industrial companies with similar synergic benefits. The aim of investments is with active ownership to develop the purchased companies and establish additional value. Returns are sought through both dividend flow and an increase in value. Neo Industrial's class B shares are listed on the main list of NASDAQ Helsinki Stock Exchange. Neo Industrial's business segment is Cable Industry.