Robit Oyj - Changes in company's own shares

Robit Plc: ROBIT PLC GRANTED OWN SHARES FOR BOARD'S ANNUAL COMPENSATION AND FOR CEO AS PART OF ANNUAL SALARY

ROBIT PLC                          STOCK EXCHANGE RELEASE                  13.12.2019 AT 19.30

ROBIT PLC GRANTED OWN SHARES FOR BOARD'S ANNUAL COMPENSATION AND FOR CEO AS PART OF ANNUAL SALARY

At the meeting on 13^th December 2019, the Board of Directors of Robit Plc decided to grant in total 26.614 shares to its Board of Directors as the annual compensation for the year 2019. The grant was based on the authorization given to the Board by the Annual General Meeting on 27^th March 2019.

The stock price of the granted shares was 2,48 EUR, which was the closing price of Robit Plc's share on 13^th December 2019. The total value of the granted shares is accordingly 66.002,72 EUR.


The Board decided to grant to the CEO in total 3.226 shares as part of the fixed yearly salary. The release is based on CEO contract. The total value of the granted shares is 8.000,48 euros.  

The share compensation was granted with the shares, which were already in the assets of Robit Plc, so the total amount of shares did not change. The total amount of shares in Robit Plc's assets is after the release totally 148 793.

ROBIT PLC

Board of Directors


Further information:
Harri Sjöholm, Chairman of the Board, tel. +358 400 622 092

DISTRIBUTION:  
NASDAQ Helsinki
Key media
www.robitgroup.com

Robit is a strongly internationalised growth company servicing global customers and selling drilling consumables for applications in mining, construction and contracting, tunnelling and well drilling. The company's offering is divided into two product and service ranges: Top Hammer and Down-the-Hole. Robit has 13 of its own sales and service points throughout the world as well as an active sales network in over100 countries. Robit’s manufacturing units are located in Finland, South Korea, Australia and the UK. Robit’s shares are listed on NASDAQ Helsinki Ltd. Further information is available at: www.robitgroup.com