Conveyance of YIT Corporation’s own shares under YIT’s share-based incentive program
YIT Corporation Stock Exchange Release 29 April 2024 at 6:00 p.m.
Conveyance of YIT Corporation’s own shares under YIT’s share-based incentive program
The Board of Directors of YIT Corporation has on 29 April 2024 decided on a directed share issue for the reward payment from the 2021–2023 earning period under YIT Group’s Incentive Program 2020–2024.
In the share issue, a maximum of 66,370 YIT Corporation shares will be issued and conveyed without consideration to the key persons participating in the incentive program according to the terms and conditions of the YIT Incentive Program 2020–2024. As the company will use its treasury shares for the reward payments, the total number of shares of the company will not change.
The share-based incentive program and its terms decided by YIT’s Board of Directors were disclosed in more detail in a Stock Exchange Release published on 17 March 2020. The purpose of the program is to support the company's strategy and to increase the company’s value supplement to existing incentive programs. Rewards will be paid to maximum 150 people belonging to the company's management and personnel for the 2021–2023 earning period.
The decision on the directed share issue is based on the authorisation granted to the Board of Directors by the Annual General Meeting of Shareholders held on 14 March 2024. The shares will be delivered to the incentive program participants on 6 May 2024. After the conveyance of own shares, the company holds 1,485,749 own shares.
For further information:
Essi Nikitin, Vice President, Investor Relations, YIT Corporation, tel. +358 50 581 1455, [email protected]
YIT Corporation
Tuomas Mäkipeska
CFO
Distribution: Nasdaq Helsinki, major media, www.yitgroup.com
YIT is a leading construction and development company. Building on over 110 years of experience, we develop and build sustainable living environments: functional homes, future-proof public and commercial buildings, and infrastructure to support the green transition. We employ approximately 4,300 professionals in eight countries. Our revenue in 2023 was EUR 2.2 billion. YIT Corporation's shares are listed on Nasdaq Helsinki.
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