Published: 14:00 CEST 20-04-2017 /GlobeNewswire /Source: Robit Oyj / : ROBIT /ISIN: FI4000150016
ROBIT PLC COMPANY RELEASE 20 APRIL 2017 AT 3.00 P.M.
THE BOARD OF DIRECTORS OF ROBIT PLC HAVE DECIDED ON A SHARE OWNERSHIP PLAN FOR KEY PERSONNEL
Robit Plc decided on a share ownership plan for key personnel in the company. The plan aims at increasing the turnover and shareholder value of the company in the long term. In addition, the aim is to support the performance-based working culture, commit the key personnel to the company as well as to provide competitive compensation for the key personnel for their excellent results.
The share ownership plan covers three years 2017-2019. There are three main elements in the share ownership plan: own investment of the key personnel in Robit shares (base share plan), reward shares by the company (matching share plan) and performance-based additional share plan (performance matching plan). The share ownership plan will cover approximately 25 individuals.
If all three main elements of the share ownership plan will be fulfilled in total as determined in the plan and according to the target setting of the Board of Directors of the company, the maximum amount of shares issued based on the plan will be 321 680 shares, corresponding to 2 percent of the current outstanding shares of the company.
The Board of Directors of the company decides on the issue of shares related to the plan based on the authorization granted by the extraordinary general meeting on 20 April 2017.
Harri Sjöholm, Chairman
Harri Sjöholm, Chairman
+358 400 622 092
Skandinaviska Enskilda Banken AB (publ) Helsinki Branch
Tel. +358 9 6162 8101
Robit is a strongly internationalized growth company selling and servicing global customers in drilling consumables for applications in mining, construction and contracting, tunneling and well drilling. The company's offering is divided into three product and service range: Top Hammer and Down-the-Hole products as well as Digital Services. Robit has 21 own sales and service points as well as active sales networks in 115 countries. The manufacturing units are located in Finland, South Korea, Australia, UK and USA. Robit is listed in Nasdaq Helsinki Ltd's First North Finland marketplace with trading code ROBIT. For more information, see www.robitgroup.com.
Nasdaq Helsinki Ltd
This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of NASDAQ OMX Corporate Solutions clients. Source: Robit Plc, Vikkiniityntie 9, Lempäälä 33880, Finland
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