SRV Yhtiöt Oyj - Changes in company's own shares

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

Espoo, Finland, 2016-08-24 13:00 CEST (GLOBE NEWSWIRE) -- SRV GROUP PLC        
              STOCK EXCHANGE RELEASE                  24 AUGUST 2016 AT 14.00 


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

SRV Group Plc has today decided to convey, without consideration, a total of
30,168 own shares held by the company to President & CEO Juha Pekka Ojala in
accordance with the terms of the President & CEO’s share-based bonus scheme.
The shares will be granted on the basis of the share bonus scheme’s Series B
acquisition rights (144,000 acquisition rights). 

The conveyance of shares via a directed share issue without consideration is
based on an authorisation granted by the Annual General Meeting of SRV Group
Plc on 22 March 2016. 

The shares will be conveyed no later than 2 September 2016. A two-year lock-up
period is associated with part of the shares conveyed. 

Details of the President & CEO’s long-term incentive scheme have been announced
earlier. Further information on remuneration schemes is available on the
company’s website at
www.srv.fi/en/srv-company/investors/corporate-governance/remuneration. 

Before the conveyance of the shares, SRV Group Plc held 1,155,243 of its own
shares. After the shares are conveyed, SRV Group Plc will hold 1,125,075 of its
own shares. After the shares are conveyed, the number of votes conferred by the
SRV Group Plc´s shares will be 59,374,500 (taking into account the shares held
by the company) and the total number of shares will be 60,499,575. 


Further information:

Johanna Metsä-Tokila, Senior Vice President, General Counsel, tel. +358 40 562
0408, johanna.metsa-tokila@srv.fi 

Ilkka Pitkänen, CFO, +358 40 667 0906, ilkka.pitkanen@srv.fi


www.srv.fi



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