Return of Lemminkäinen Corporation conditional shares issued in 2010 and directed share issue relating to the share ownership plan
LEMMINKÄINEN CORPORATION STOCK EXCHANGE RELEASE 9.2.2012 at 11.45 a.m
RETURN OF LEMMINKÄINEN CORPORATION CONDITIONAL SHARES ISSUED IN 2010 AND DIRECTED SHARE ISSUE RELATING TO THE SHARE OWNERSHIP PLAN
Redemption of minority shares of Lemminkäinen subsidiaries in 2010 and return of conditional shares
As disclosed on 17 March 2010, minority holdings in Lemminkäinen Corporation's subsidiaries were redeemed by directed share issue and share exchange by issuing Lemminkäinen Corporation's shares as consideration for the minority holders of subsidiaries. Of the issued consideration shares 81,339 shares were issued conditionally and they are subject to an obligation to be returned to the Lemminkäinen if certain financial criteria of the subsidiaries are not met.
Based on the 2011 financial statements, 10,456 of the conditional shares will be returned to Lemminkäinen Corporation.
Directed share issue relating to the share ownership plan
The board of directors of Lemminkäinen Corporation decided of the Share Ownership Plan in 2009. The specific terms and conditions of the plan were released in a stock exchange release on 10 December 2009.
Based on the 2011 earning period, the 40 persons in the target group of the Share Ownership Plan are entitled to a total of 15,868 Lemminkäinen shares.
For the payment of the reward shares for the 2011 earning period, the Board of Directors of Lemminkäinen Corporation has decided on a directed free issue of shares. In the share issue the 10,456 existing shares returned to the Company and 5,412 new Lemminkäinen Corporation shares will be issued and conveyed.
The decision on the directed free issue of shares is based on the authorization granted to the Board of Directors by the extraordinary General Meeting of Shareholders held on 12 November 2009.
The issued new shares will be registered with the Finnish trade register and will be taken subject to public trading on or about 22 February 2012. The total number of Lemminkäinen shares after the registration of the shares issued in the directed share issue is 19,650,176.
CFO Robert Öhman
Puh. +358 2071 53515
NASDAQ OMX Helsinki
Lemminkäinen Group operates in all areas of the construction sector. The Group's business sectors are building construction, infrastructure construction, technical building services and international operations. Net sales in 2011 were about EUR 2.2 billion, of which international operations accounted for roughly a quarter. The Group employs an average of 8,400 people. Lemminkäinen Corporation's share is quoted on NASDAQ OMX Nordic Exchange Helsinki. www.lemminkainen.com