YIT has, for fulfilment of the terms of the convertible notes announced on 12 March 2024, resolved on a directed share issue of up to 16 million shares
- Stock Exchange Release
- 27.04.2017 07:05 CET
Conveyance of YIT Corporation’s own shares under YIT’s share-based incentive scheme
YIT Corporation Stock Exchange Release April 27, 2017 at 8:05 a.m.
The Board of Directors of YIT Corporation has on April 26, 2017 decided on a directed share issue for the reward payment from the 2014 earning period under the YIT Group’s Incentive Scheme 2014–2019.
In the share issue, 238,554 YIT Corporation shares 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 customer and growth oriented strategy execution and increase the company’s shareholder value supplement to the existing incentive schemes.
Rewards will be paid to 147 people belonging to the company's management and personnel for the 2014 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 16, 2017.
After the directed share issue, the company holds 1,408,213 own shares.
For further information, please contact:
Pii Raulo, Senior Vice President, Human Resources, YIT Corporation, tel. +358 20 433 2254, pii.raulo@yit.fi
YIT CORPORATION
Hanna Jaakkola
Vice President, Investor Relations
Distribution: Nasdaq Helsinki, major media, www.yitgroup.com
YIT creates better living environment by developing and constructing housing, business premises, infrastructure and entire areas. Our vision is to bring more life in sustainable cities. We want to focus on caring for customer, visionary urban development, passionate execution and inspiring leadership. Our growth engine is urban development involving partners. Our operating area covers Finland, Russia, the Baltic countries, the Czech Republic, Slovakia and Poland. In 2016, our revenue amounted to nearly EUR 1.8 billion, and we employ about 5,300 employees. Our share is listed on Nasdaq Helsinki. www.yitgroup.com