SRV GROUP PLC STOCK EXCHANGE RELEASE 30 JUNE 2020 10.15 EET
SRV Group Plc to assign its shares as a part of long-term incentive plan
The Board of Directors of SRV Group Plc has today, on 30 June 2020, decided to assign a total of 67,950 of its shares possessed by the company free of consideration to the members of the company’s share-based incentive plan pursuant to the terms and conditions thereof. The earnings period of the plan was 2017–2019.
The assignment of shares free of consideration through directed share issue is based on the authorisation given by the annual general meeting of SRV Group Plc on 26 March 2020. The company published further information of the share-based incentive plan in a stock exchange release on 2 February 2017.
The shares shall be assigned on 20 July 2020 at the latest. The assigned shares are subject to a transfer restriction, according to which half of the shares gained through the plan must be owned until 31 December 2020 and the other half until 31 December 2021.
SRV Group Plc currently holds 918,599 of its own shares. The company will announce the change in the number of shares it holds after the shares have been assigned to the incentive plan members.
For further information, please contact:
Saku Sipola, President & CEO, tel. +358 (0)40 551 5953, firstname.lastname@example.org
Ilkka Pitkänen, CFO, tel. +358 (0)40 667 0906, email@example.com
Johanna Metsä-Tokila, SVP, General Counsel, tel. +358 40 562 0408, firstname.lastname@example.org
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SRV in brief
SRV is developer and innovator in the construction industry. We want to offer the best customer experience as a constructor of urban city centres, while also being the most attractive employer in the industry. Our genuine cooperation and enthusiasm for our work comes across in every encounter. Sustainability is reflected in all our activities.
Established in 1987, we are a publicly listed company since 2007 in Helsinki Nasdaq stock exchange that operates in growth centres in Finland and Russia. Our revenue in 2019 was EUR 1,061 million. Over 1,000 people work for us and we employ a network of almost 4,000 subcontractors in our projects.
SRV – Building for life