Outokumpu Oyj
Stock exchange release
February 7, 2019 at 4.45 pm EET
Outokumpu – Transfer of the company’s own shares
Outokumpu – Share rewards of share-based plans
Outokumpu’s Board of Directors has approved the share rewards from Outokumpu’s share-based incentive programs – Performance Share Plan (PSP) 2016–2018 and Restricted Share Plan (RSP) 2016–2018.
The Board of Directors has now confirmed that altogether some 673,190 shares (the amount being subject to final tax-related adjustments) will be delivered to the participants of these plans. Of this amount, some 654,755 shares will be delivered based on the results of the Performance Share Plan’s (PSP) plan period 2016–2018 and some 18,435 in the Restricted Share Pool’s (RSP) plan period 2016–2018 by the end of April 2019.
Trading code: OUT1V
Number of shares: 673,190
Price/share: Gratuitous
Outokumpu uses its treasury shares for the share rewards, which means that the total number of shares of the company will not change. After the transfer, Outokumpu holds a total of 5,137,539 own shares.
For more information:
Investors: Tommi Järvenpää, tel. +358 9 421 3466, +358 40 576 0288
Media: Reeta Kaukiainen, tel. +358 50 522 0924
Outokumpu Oyj
Outokumpu is the global leader in stainless steel. We aim to be the best value creator in stainless steel by 2020, through our competitive edge of customer orientation and efficiency. The foundation of our business is our ability to tailor stainless steel into any form and for almost any purpose. Stainless steel is sustainable, durable and designed to last forever. Our customers use it to create civilization’s basic structures and its most famous landmarks as well as products for households and various industries. Outokumpu employs 10,000 professionals in more than 30 countries, with headquarters in Helsinki, Finland and shares listed in Nasdaq Helsinki. www.outokumpu.com