Conveyance of YIT Corporation’s own shares under YIT’s share-based incentive scheme
The Board of Directors of YIT Corporation has on 28 April 2022 decided on a directed share issue for the reward payment from the 2019 earnings period under YIT Group’s Incentive Scheme 2017–2022.
In the share issue, a maximum of 392,240 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. As the company will use its treasury shares for the reward payments, the total number of shares of the company will not change.
The share-based incentive scheme for 2017–2022 and its terms decided by YIT’s Board of Directors were disclosed in more detail in a stock exchange release published on 16 March 2017. The purpose of the scheme is to support the company's strategy and to increase the company’s value supplement to existing incentive schemes. Rewards will be paid to maximum 186 people belonging to the company's management and personnel for the 2019 earnings period.
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 17 March 2022. The shares will be delivered to the incentive scheme participants on 4 May 2022. After the conveyance of own shares, the company holds 1,588,707 own shares.
For further information:
Katja Ahlstedt, Executive Vice President, Human Resources, YIT Corporation puh. +358 40 522 8493, email@example.com
Vice President, Investor Relations
Distribution: Nasdaq Helsinki, major media, www.yitgroup.com
YIT is the largest Finnish and a significant North European development and construction company. For 110 years, we have been creating better living environments for our customers: functional homes for sustainable living, future-proof public and commercial buildings and infrastructure for smoother flow of people, businesses and society. We employ 5,500 professionals in nine countries: Finland, Sweden, Norway, Estonia, Latvia, Lithuania, the Czech Republic, Slovakia and Poland. Our revenue in 2021 was EUR 2.7 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy. www.yitgroup.com