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Transfer of Kesko Corporation's treasury shares
KESKO CORPORATION STOCK EXCHANGE RELEASE 16.12.2014 AT 09.15 1(1)
The share transfer is based on the managing director's service contract signed with Mikko Helander and the shares to be transferred are part of the agreed total compensation partly covering the remuneration of his service contract preceding Kesko. The transfer is without consideration and, like the share-based compensation plan operated at Kesko, its purpose is to promote Kesko's business and increase Kesko's value by combining the objectives of the shareholders and the recipient of the shares. The shares are to be transferred on 17 December 2014. The shares to be transferred carry a commitment period until 1 October 2016, during which the shares are not allowed to be assigned.
Kesko Corporation's General Meeting of 8 April 2013 authorised the Board to issue a maximum of 1,000,000 own B shares held as treasury shares by the company in order to implement the company's incentive scheme, among other things.
is available from Board Chair Esa Kiiskinen, tel. +358 105 350 200.
Kesko Corporation
Merja Haverinen
Vice President, Group Communications
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www.kesko.fi
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