SRV Yhtiöt Oyj - Company Announcement

SRV Group Plc to convey its own shares to President and CEO Juha Pekka Ojala as part of a long-term incentive scheme

Espoo, Finland, 2016-02-22 07:30 CET (GLOBE NEWSWIRE) -- SRV GROUP PLC    
STOCK EXCHANGE RELEASE     22 FEBRUARY 2016 AT 8.30 

SRV Group Plc to convey its own shares to President and CEO Juha Pekka Ojala as
part of a long-term incentive scheme 

SRV Group Plc has granted to President and CEO Juha Pekka Ojala a share-based
incentive scheme for the period 2015–2020 on the basis of which the President
and CEO has 700,000 acquisition rights. The acquisition rights entitle the
President and CEO to acquire a corresponding number of SRV Group Plc’s shares
at a price of EUR 2.6145/share or to receive an amount of cash or shares or a
combination of these corresponding to the benefit arising from exercising the
acquisition rights, as decided by the company. 

SRV Group Plc’s Board of Directors has decided, based on an authorisation
granted by the Annual General Meeting held on 25 March 2015, to convey to
President and CEO Juha Pekka Ojala a total of 11,276 of the own shares held by
the company. The shares will be granted on the basis of  the share bonus
scheme’s Series A acquisition rights (144,000 acquisition rights). The shares
are part of the President and CEO’s long-term share-based incentive scheme and
they will be conveyed to the President and CEO without consideration. In
addition, the President and CEO will be paid an amount in cash corresponding to
the value of the shares for the payment of taxes. 

The shares will be subscribed for and conveyed no later than 4 March 2016. A
two-year lock-up period is associated with the ownership of a part of the
shares. 

After the shares are conveyed, SRV Group Plc will hold 1,162,841 of its own
shares. 

Further information on the President and CEO’s remuneration is available on the
company’s website at
www.srv.fi/en/srv-company/investors/corporate-governance/remuneration 


Further information:
Katri Innanen, Senior Vice President, General Counsel, tel. +358 40 067 8898,
katri.innanen@srv.fi 

www.srv.fi

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