Stock Exchange Release
17 January 2019 at 9.00 am (EET)
Cramo Performance Share Plan 2015 - directed share issue
The Board of Directors of Cramo Plc has on 19 December 2018 decided on a directed share issue related to the reward payment for the performance period 2016 of Cramo Performance Share Plan 2015.
In the share issue, 102,691 Cramo shares held by the company have been conveyed without consideration to the key employees participating in the performance period 2016 in accordance with the terms and conditions of the plan. More detailed information about the launch and the terms and conditions of the plan is available in a stock exchange release published on 10 February 2015.
The decision on the directed share issue is based on the authorisation granted to the Board of Directors by the Annual General Meeting of Shareholders held on 28 March 2018. According to the authorisation, a maximum of 400,000 shares may be issued as part of the company´s share-based incentive programmes.
After the share delivery on 17 January 2019, the company holds a total of 13,890 own shares.
President and CEO
Mr Aku Rumpunen, CFO, Cramo Plc, tel: +358 40 556 3546
Nasdaq Helsinki Ltd.
Cramo is Europe’s second largest rental services company specialising in construction machinery and equipment rental and rental-related services as well as the rental of modular space. Cramo operates in about 300 depots in fourteen countries. With a group staff around 2,500, Cramo's consolidated sales in 2017 was EUR 729.5 million. Cramo shares (CRA1V) are listed on Nasdaq Helsinki Ltd.
Read more: www.cramogroup.com , www.twitter.com/cramogroup