Panostaja Oyj - Company Announcement

PANOSTAJA OYJ'S MANAGEMENT INVESTS IN COMPANY SHARES AS PART OF A LONG-TERM INCENTIVE AND COMMITMENT SCHEME

Panostaja Oyj                 Stock Exchange Bulletin      June 28, 2016, 14:30
pm 

Panostaja Oyj’s (Panostaja) board decided on December 10, 2015 to extend the
long-term share-based incentive and commitment scheme for the purpose of
rewarding the members of Panostaja’s Senior Management Team (Miikka Laine, Juha
Sarsama, Minna Telanne and Tapio Tommila) during the years 2016–2018. The
system combines the long-term interests of the Panostaja shareholders and
Senior Management Team while strengthening the management team members’
commitment to the company and enabling them to have significant entrepreneurial
ownership of Panostaja. 

Panostaja sold today 700,000 of its own shares to members of the management
team. These members have now procured, either for themselves or for the
companies where they hold controlling interest, the maximum number of shares,
1,250,000, as defined by the system, taking prior shareholdings into account.
The members also commit to maintaining ownership of the shares for the validity
period of the system. The Management’s share ownership within the incentive and
commitment scheme is distributed as follows: 

Pravia Oy (Juha Sarsama)                  550,000 shares (prior shareholding
350,000) 
Comito Oy (Tapio Tommila)                  300,000 shares (prior shareholding
200,000) 
Miikka Laine                                       200,000 shares
Minna Telanne                                    200,000 shares

Total                                                  1,250,000 shares


The members of the Senior Management Team have financed their investments
through company loans and they bear the genuine corporate risk with respect to
the investment they have made in the scheme. 

In order to enable the acquisition of the shares and as part of the scheme,
Panostaja’s Board of Directors decided to grant an interest-bearing loan in the
total amount of EUR 581,000 to the Senior Management Team members or to the
companies where they have a controlling interest. 

After the share sale, the company holds 368,370 shares.

 
PANOSTAJA OYJ

Board of Directors

 
Further information is provided by Chairman of the Board Jukka Ala-Mello, tel.
+358 (0)50 5543 810 and CEO Juha Sarsama, tel. +358 (0)40 774 2099.