Espoo, Finland, 2017-02-02 12:01 CET (GLOBE NEWSWIRE) -- SRV GROUP PLC STOCK EXCHANGE RELEASE 2 FEBRUARY 2017, AT 13.01
SRV Group Plc to assign its shares as part of an incentive scheme extending over several years
Today 2 February 2017, SRV Group Plc has decided to assign a total of 206,476 of its shares possessed by the company without remuneration to the members of the company’s share-based bonus scheme pursuant to the terms and conditions thereof. The earnings period of the scheme was 2014–2016.
The assignment of shares using placing free of commission is based on the authorisation given by the ordinary meeting of SRV Group Plc on 22 March 2016. There is further information of the share-based bonus scheme in a stock exchange release published on 20 February 2014.
The shares shall be assigned on 10 March 2017 at the latest. The assigned shares include an assignment deadline, according to which half of the shares gained through the scheme must be owned until 31 December 2017 and the other half until 31 December 2018.
Before the assignment, SRV Group Plc owned 1,125,075 of its own shares. After the assignment, SRV Group Plc shall own 918,599 of its own shares. After the assignment, SRV Group Plc shall have 59,580,976 share-based votes and a total of 60,499,575 shares.
For further information, please contact
Juha Pekka Ojala, CEO, +358 (0)40 733 4173, jp.ojala@srv.fi
Ilkka Pitkänen, CFO, +358 (0)40 667 0906, ilkka.pitkanen@srv.fi
Johanna Metsä-Tokila, SVP, General Counsel, +358 (0)40 562 0408, johanna.metsa-tokila@srv.fi
www.srv.fi
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