Detection Technology Plc company announcement 20 July 2018 at 9:15 (EEST)
Detection Technology prepares trading of shares under the share incentive programs
Detection Technology is preparing share trading arrangements with regards to the company's share incentive programs. Within the third phase of share incentive programs, the number of new shares to be issued is 474,835 shares.
Within the share trading arrangements, maximum of 60 per cent of this amount would be sold on behalf of the individuals entitled to the share incentives to cover the income taxes. According to the plan, the sale of shares will be executed as a block trade in December 2018.
With the planned arrangement, the company aims to ensure that the trading of shares is managed in a controlled and transparent manner in line with the regulation. The Board of Directors of the company will make a decision about the share issuance at latest on 9 December 2018. The Board has the AGM approval to issue 1,390,000 new shares. The number of shares outstanding at the moment is 13,900,595.
Detection Technology Plc
Board of Directors
For more information:
Hannu Martola, President and CEO
+358 500 449 475
hannu.martola@deetee.com
Nordea is the company's Certified Advisor under First North rules.
Detection Technology Plc
Detection Technology is a global provider of X-ray detector solutions for medical, security and industrial applications. The company's net sales grew 18% to EUR 89 million in 2017. The company has 240 customers in 40 countries. Detection Technology employs over 400 people in Finland, China and the US. The company's shares are listed on the Nasdaq First North Finland marketplace under the ticker symbol DETEC.
DISTRIBUTION:
NASDAQ OMX Helsinki
Key media
www.deetee.com