Stock Exchange Releases
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.
Distribution: NASDAQ OMX Helsinki Ltd
Additional information: Tulikivi Corporation, 83900 Juuka, tel.
+358-207-636 000, www.tulikivi.com
– Managing Director Heikki Vauhkonen