YIT - Decisions of general meeting

Resolutions passed at the Annual General Meeting of YIT Corporation

Helsinki, Finland, 2015-03-18 12:00 CET (GLOBE NEWSWIRE) -- YIT CORPORATION    
         STOCK EXCHANGE RELEASE                   MARCH 18, 2015 AT 1:00 P.M. 



Resolutions passed at the Annual General Meeting of YIT Corporation



The Annual General Meeting of YIT Corporation held today, March 18, 2015,
adopted the 2014 financial statements and discharged the members of the Board
of Directors and the President and CEO from liability. The Annual General
Meeting decided on the dividend payout, the composition of the Board of
Directors and their fees, the election of the auditor and its fees as well as
authorising the Board of Directors to decide on the repurchase of company
shares and share issues. 

Dividend payment

It was decided that a dividend of EUR 0.18 be paid per share, or a total of EUR
22.6 million, as proposed by the Board of Directors, and that the remainder of
the earnings be retained in distributable equity. No dividend will be paid on
treasury shares. The right to a dividend rests with a shareholder who, by the
record date of March 20, 2015, has been entered as a shareholder in the
company's shareholder register maintained by Euroclear Finland Ltd. It was
decided that the dividend will be paid on May 19, 2015. 

Composition of the Board of Directors and their fees

The Annual General Meeting resolved to elect a Chairman, Vice Chairman and four
ordinary members to the Board of Directors, namely: Reino Hanhinen as Chairman,
Kim Gran as Vice Chairman and Satu Huber, Erkki Järvinen, Juhani Pitkäkoski and
Teuvo Salminen as members. 

It was resolved to pay the Board of Directors remuneration as follows: the
Chairman EUR 6,600 per month (EUR 79,200 per year), the Vice Chairman EUR 5,000
per month (EUR 60,000 per year) and the Board members EUR 3,900 per month (EUR
46,800 per year),as well as an attendance fee of EUR 550 per meeting. In
addition, the members of Board Committees are paid an attendance fee of EUR 550
for each committee meeting. Per diems for trips in Finland and abroad are paid
in accordance with the state's travel compensation regulations. 

Election of the auditor and their fee

PricewaterhouseCoopers, Authorised Public Accountants, was elected as the
company's auditor, with Juha Wahlroos, Authorised Public Accountant, as chief
auditor. The auditor's fees will be paid against the invoices approved by the
company. 

Repurchase of the company's own shares

The Annual General Meeting authorised the Board of Directors to decide on the
purchase of company shares as proposed by the Board of Directors. The
authorisation covers the purchasing of a maximum of 10,760,000 company shares
using the company's unrestricted equity. The authorisation is valid until March
31, 2016. 

The authorisation reverses the authorisation to purchase the company's own
shares issued by the Annual General Meeting on March 18, 2014. 

Share issues

The Annual General Meeting authorised the Board of Directors to decide on share
issues as proposed by the Board of Directors. The authorisation can be used in
full or partially by issuing shares in the company in one or more share issues
so that the total number of shares issued is 25,000,000. The Board of Directors
has the right to decide on all of the terms and conditions of the share issues. 

The share issue authorisation also includes the Board of Director's
authorisation to decide on the transfer of a maximum of 12,400,000 treasury
shares irrespective of the purpose for which the treasury shares originally
were acquired. 

The authorisation is valid until March 31, 2016.

Other information

On March 18, 2015, the total number of YIT shares is 127,223,422 and YIT holds
1,640,843 of its own shares. 

The minutes of the Annual General Meeting will be available on the Internet at
the company's website www.yitgroup.com by April 1, 2015, at the latest. 



For additional information, please contact:



Juha Jauhiainen, Corporate General Counsel, YIT Corporation, +358 40 725 9643,
juha.jauhiainen@yit.fi 



YIT CORPORATION



Sanna Kaje
Vice President, Investor Relations







Distribution: NASDAQ OMX, principal media, www.yitgroup.com







YIT is a construction industry leader. We create better living environments in
Finland, Russia, the Baltic countries, the Czech Republic and Slovakia. Over
100 years of experience have secured us a strong market position: we are the
largest housing developer and one of the largest business premises and
infrastructure developers in Finland, and the most significant foreign housing
and area developer in Russia. Our vision is to stay one step ahead - while
taking care of our customers, partners and personnel. We have nearly 6,000
employees in seven countries. In 2014, our revenue amounted to around EUR 1.8
billion. Our share is listed on NASDAQ OMX Helsinki. www.yitgroup.com