Honkarakenne Oyj - Company Announcement

HONKA MANAGEMENT OY INCENTIVE SCHEME TO BE DISSOLVED

Honkarakenne Oyj      Stock exchange release 27 December 2016 at 2:30 p.m.

HONKA MANAGEMENT OY INCENTIVE SCHEME TO BE DISSOLVED

Honka Management Oy is a company created in 2010 as a management incentive
scheme within the Honkarakenne Group. In 2010-2011, Honka Management Oy
acquired a total of 286,250 B shares in Honkarakenne Oyj. Honka Management Oy
financed the share acquisitions through capital investments by executives
involved in the scheme and through loans granted by Honkarakenne Oyj. 

Honka Management Oy’s shareholders have by consensus agreed to dissolve the
scheme, with Honkarakenne Oyj acquiring all Honka Management Oy’s shares by
purchase from executives involved in the scheme at a unit price of €1.
Honkarakenne Oyj’s earlier ownership of the shares in Honka Management Oy was
47 %. 

Based on the shareholder agreement, Honkarakenne Oyj already had control of
Honka Management Oy before the share purchase, for which reason the latter was
already included in the consolidated financial statements, and the shares in
the parent company owned by Honka Management Oy were deducted from the
consolidated balance sheet and from the Group’s unrestricted shareholders'
equity. The arrangement implemented now does not have any impact on Group’s
result in 2016. 

HONKARAKENNE OYJ

Board of Directors



FURTHER INFORMATION

President and CEO Marko Saarelainen, tel. +358 40 542 0254,
marko.saarelainen@honka.com 





DISTRIBUTION

NASDAQ OMX Helsinki Oy

Key media

Financial Supervisory Authority

www.honka.com