Stock Exchange Releases
16.6.2009
In accordance with the decision of the Board of Directors, Tulikivi Corporation has assigned a total of 9800 Tulikivi A shares held by the company to twelve key persons covered by the share-based incentive plan. The shares were assigned on the basis of the 2008 incentive plan. The transfer of the shares to the book entry accounts of the recipients took place today on June 16, 2009. The assignment of the treasury shares without compensation is based on the Board authorization granted by the Annual General Meeting on 31 March 2009.
Following the assignment of the shares, Tulikivi Corporation holds 124 200 A shares.
On 18 April 2008, the Board of Directors of Tulikivi Corporation approved a new incentive plan for the Tulikivi Group. The plan includes a share-based incentive plan for key personnel. The potential reward from the plan for the earning period 2008 is based on the Group’s profit after financial items and on its cash flow from operating activities, and is paid partly in A shares and partly in cash. The shares assigned are subject to restrictions on their reassignment during the restriction period.
Tulikivi Corporation Heikki Vauhkonen
Distribution: NASDAQ OMX Helsinki Ltd Central Media www.tulikivi.com
Additional information: Tulikivi Corporation, 83900 Juuka, tel. +358-207-636 000, www.tulikivi.com – Managing Director Heikki Vauhkonen