Tieto Corporation STOCK EXCHANGE RELEASE 28 February 2014 9.00 am EET
The Board of Directors of Tieto Corporation has on 21 February 2014 decided on a directed share issue related to the reward payment for the performance period 2012 of Tieto’s Long-Term Incentive Programme 201–2014.
In the share issue, 31 174 Tieto Corporation shares held by the company will be conveyed without consideration to the key employees participating in the Long-Term Incentive Programme in accordance with the terms and conditions of the programme. More detailed information about the launch and the terms and conditions of the programme is available in a Stock Exchange Release published on 16 December 2011.
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 25 March 2013. According to the authorization, a maximum of 700 000 shares may be issued as part of the company’s share-based incentive programmes.
After the share delivery, the company holds a total of 510 620 own shares.
For further information, please contact:
Tanja Lounevirta, Head of Investor Relations, tel. +358 50 321 7510, tanja.lounevirta (at) tieto.com
TIETO CORPORATION
DISTRIBUTION
NASDAQ OMX Helsinki
NASDAQ OMX Stockholm
Principal Media
Tieto is the largest Nordic IT services company providing full life-cycle services for both the private and public sectors and product development services in the field of communications and embedded technologies. The company has global presence through its product development business and global delivery centres. Tieto is committed to developing enterprises and society through IT by realizing new opportunities in customers’ business transformation. At Tieto, we believe in professional development and results.
Founded 1968, headquartered in Helsinki, Finland and with approximately 15 000 experts, the company operates in over 20 countries with net sales of approximately EUR 1.7 billion. Tieto’s shares are listed on NASDAQ OMX in Helsinki and Stockholm. Please visit www.tieto.com for more information.