Fiskars' board decides on directed share issue without consideration as share rewards to personnel.
M2 EQUITYBITES-March 15, 2018-Fiskars' board decides on directed share issue without consideration as share rewards to personnel
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Consumer good company Fiskars Oyj Abp (HEL:FSKRS) announced on Wednesday that its board of directors, on 14 March 2018, has decided on a directed share issue without consideration based on Fiskars' Long-term Incentive Plan 2015 - 2019 in order to pay the share rewards for the performance period 2015 - 2017.
Under this share issue, 15,168 treasury shares will be issued without consideration to the key personnel participating in the performance period 2015 - 2017, in accordance with the terms and conditions of the share based Incentive Plan 2015 - 2019.
Reportedly, this decision on the share issue is based on the authorisation granted to the board of directors by Fiskars' Annual General Meeting of Shareholders held on 14 March 2018.
According to the company, these shares will be delivered to the participants of the Incentive Plan on or about 15 March 2018. After this share delivery, Fiskars will hold a total of 176,299 own shares.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Mar 15, 2018|
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