Aspocomp Group Plc
ASPOCOMP GROUP PLC DIRECTED SHARE ISSUE WITHOUT CONSIDERATION BASED ON SHARE OWNERSHIP PLAN
Espoo, Finland, 2012-08-31 18:00 CEST (GLOBE NEWSWIRE) —
Aspocomp Group Plc, Company Announcement, August 31, 2012 at 7:00 p.m.
The board of directors of Aspocomp Group Plc has on August 31, 2012 decided on a directed share issue without consideration for reward payments in relation to share ownership plan for the CEO and members of the management team.
In the share issue 58,016 new shares will be issued without consideration to the CEO and members of the management team holding shares in the company according to the terms and conditions of the share ownership plan. The shares issued are expected to be registered with the Trade Register and registered in the book-entry accounts of the recipients approximately on September 6, 2012 and to start trading on the NASDAQ OMX Helsinki approximately on September 7, 2012.
The board of directors of the company resolved on June 5, 2012 upon share-based incentive and commitment plans for the company’s key personnel. The aim of the reward plans is to combine the goals of the owners and the key personnel for increasing the value of the company on a permanent basis, to commit the key personnel to the company on a long-term basis and to offer the key personnel a competitive reward plan based on entrepreneurship. There is thus an especially weighty financial reason for the share issue. The decision regarding directed share issue without consideration is based on the authorization granted to the board of directors by the company’s Extraordinary General Meeting of shareholders held on December 20, 2011.
In Espoo, August 31, 2012
ASPOCOMP GROUP PLC
For further information, please contact Sami Holopainen, CEO, tel. +358 20 775 6860, sami.holopainen(at)aspocomp.com.
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Aspocomp Group Plc provides services for the design and manufacture of high-tech PCBs. Aspocomp’s products are used in the electronics industry, for instance, in telecommunications networks, automobiles and many type of industrial applications.