Conveyance of YIT Corporation’s own shares under share-based incentive scheme
The Board of Directors of YIT Corporation has on April 26, 2019 decided on a directed share issue for the reward payment from the 2016 earning period under the YIT Group’s Incentive Scheme 2014–2019.
In the share issue, 179,339 YIT Corporation shares maximum will be issued and conveyed without consideration to the key persons participating in the incentive scheme according to the terms and conditions of the incentive scheme.
YIT Corporation's Board of Directors decided on March 18, 2014, to implement a share-based incentive scheme for 2014–2019 to support the company's strategy and increase the company’s value supplement to the existing incentive schemes. Rewards will be paid to 210 people maximum belonging to the company's management and personnel for the 2016 earning period. The terms of the YIT Group’s Incentive Scheme were disclosed in more detail in a stock exchange release published on March 18, 2014.
The decision on the directed share issue is based on the authorization granted to the Board of Directors by the Annual General Meeting of Shareholders held on March 12, 2019.
After the conveyance of own shares, the company holds 872,504 own shares.
For further information, please contact:
Pii Raulo, Senior Vice President, Human Resources, YIT Corporation, tel. +358 20 433 111, firstname.lastname@example.org
Vice President, Investor Relations
Distribution: NASDAQ, principal media, www.yitgroup.com
YIT is the largest Finnish and significant North European construction company. We develop and build apartments and living services, business premises and entire areas. We are also specialised in demanding infrastructure construction and paving. Together with our customers, our nearly 10,000 professionals are creating more functional, more attractive and more sustainable cities and environments. We work in 11 countries: Finland, Russia, Scandinavia, the Baltic States, the Czech Republic, Slovakia and Poland. The new YIT was born when over 100-year-old YIT Corporation and Lemminkäinen Corporation merged on February 1, 2018. Our pro forma revenue for 2018 was approximately EUR 3.8 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy. www.yitgroup.com