Panostaja Oyj - Company Announcement

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

Panostaja Oyj                       Stock Exchange Bulletin, 15th December
2014, 16.30 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 29st
January 2014 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
transferred to Board members a total of 14,634 shares as part of their Board
meeting fees as follows: 

A total of 4,878 shares were transferred to the 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 147,860 shares. 

A total of 2,439 shares were transferred to Board member Eero Eriksson. As a
result of the transfer, his holdings in Panostaja Oyj and other instruments
issued by Panostaja Oyj amount to 37,530 shares. 

A total of 2,439 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 63,387 shares. 

A total 2,439 shares were transferred to Board member Antero Virtanen. As a
result of the transfer, his holdings in Panostaja Oyj and other instruments
issued by Panostaja Oyj amount to 20,915 shares. 

A total of 2,439 shares were transferred to Board member Jukka Terhonen. As a
result of the transfer, his holdings in Panostaja Oyj and other instruments
issued by Panostaja Oyj amount to 60,915 shares. 

Fees for Board member Mikko Koskenkorva have been paid fully in cash, as Mikko
Koskenkorva's holding on the date of the AGM exceeded the one per cent limit
set by the AGM. Mikko Koskenkorva's holdings in Panostaja Oyj and other
instruments issued by Panostaja Oyj amount to 1,245,139 shares. 

The CEO and the members of the Senior Management Team are involved in a share
bonus system. The company´s management owns shares directly and through
influential organizations. The Board of Directors of Panostaja Oyj decides on
the principles underlying the reward scheme for the CEO and the Members of the
Senior Management Team. On December 11, 2014, the Board decided to transfer
30,000 shares to the Senior Management Team members. 

A total of 11,886 shares were transferred to CEO Juha Sarsama. As a result of
the transfer, his holdings in Panostaja Oyj and other instruments issued by
Panostaja Oyj amount to 452,386 shares. 

A total of 6,793 shares were transferred to Senior Management Team member CFO
Simo Mustila. As a result of the transfer, his holdings in Panostaja Oyj and
other instruments issued by Panostaja Oyj amount to 246,793 shares. 

A total of 6,793 shares were transferred to Senior Management Team member Tapio
Tommila. As a result of the transfer, his holdings in Panostaja Oyj and other
instruments issued by Panostaja Oyj amount to 206,793 shares. 

A total of 4,528 shares were transferred to Senior Management Team member Minna
Telanne. As a result of the transfer, his holdings in Panostaja Oyj and other
instruments issued by Panostaja Oyj amount to 4,528 shares. 

As a result of the transfer, the company holds a total of 384,424 shares.



PANOSTAJA OYJ, BOARD OF DIRECTORS

Juha Sarsama

CEO


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

Panostaja is an investment company developing Finnish SMEs in the role of an
active majority shareholder. The company aims to be the most sought-after
partner for business owners selling their companies as well as for the best
managers and investors. Together with its partners, Panostaja increases the
Group's shareholder value and creates Finnish success stories. Panostaja
operates in eight business segments, and Panostaja Group employs some 1,100
staff. Panostaja's shares (PNA1V) are quoted on the NASDAQ OMX Helsinki Stock
Exchange. In the 2014 financial year, the Group's official net sales totaled
MEUR 154,8. 

www.panostaja.fi