Panostaja Oyj - Changes in company's own shares

PAYING PANOSTAJA OYJ BOARD MEMBERS' FEES IN THE FORM OF SHARES HELD BY THE COMPANY

Panostaja Oyj       Stock Exchange Bulletin, 17th December 2010, 01:30 p.m.





PAYING PANOSTAJA OYJ BOARD MEMBERS' FEES IN THE FORM OF SHARES HELD BY THE
COMPANY 



With reference to Board meeting fees, Panostaja Oyj's AGM decided on 27th
January 2010 that about 40% of the fee paid to a board member should be paid in
accordance with the share issue authorisation given to the Board by
transferring company shares to each Board member unless a Board member should
already own more than one per cent of the total share capital on the date of
the AGM. If a Board member's holding in the company on the date of the AGM
should exceed one per cent of the total share capital, the fee shall be paid
fully in cash. Panostaja Oyj's Board also decided at its organisational meeting
held upon completion of the AGM to implement the AGM decision concerning Board
member fees paid as shares in such a way that shares are transferred on a
quarterly basis on the date following publication of the quarterly/annual
report. 



According to decisions taken at the AGM and by the Board, Panostaja Oyj today
transferred to Board members a total of 6,777 shares as part of their Board
meeting fees as follows: 



Fees for the chairman of the Board Matti Koskenkorva have been paid fully in
cash, as Matti Koskenkorva's holding on the date of the AGM exceeded the one
per cent limit set by the AGM. Matti Koskenkorva's holdings in Panostaja Oyj
and other instruments issued by Panostaja Oyj amount to 6,381,873 shares. 



A total of 1,849 shares were transferred to the vice chairman of the Board
Jukka Ala-Mello. As a result of the transfer, his holdings in Panostaja Oyj and
other instruments issued by Panostaja Oyj amount to 55,798 shares. 



A total of 1,232 shares were transferred to Board member Hannu Ketola. As a
result of the transfer, his holdings in Panostaja Oyj and other instruments
issued by Panostaja Oyj amount to 22,196 shares. 



A total of 1,232 shares were transferred to Board member Hannu Martikainen. As
a result of the transfer, his holdings in Panostaja Oyj and other instruments
issued by Panostaja Oyj amount to 49,196 shares. 



A total of 1,232 shares were transferred to Board member Hannu Tarkkonen. As a
result of the transfer, his holdings in Panostaja Oyj and other instruments
issued by Panostaja Oyj amount to 44,196 shares. 



A total of 1,232 shares were transferred to Board member Satu Eskelinen. As a
result of the transfer, his holdings in Panostaja Oyj and other instruments
issued by Panostaja Oyj amount to 5,072 shares. 



As a result of the transfer, the company holds a total of 1,255,727 shares.



PANOSTAJA OYJ, BOARD OF DIRECTORS



Juha Sarsama

CEO



For further information, please contact Juha Sarsama +358 40 774 2099