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Cramo Performance Share Plan 2013 - directed share issue

Vantaa, Finland, 2016-01-15 08:00 CET (GLOBE NEWSWIRE) -- Cramo Plc Stock Exchange Release 15 January 2016 at 9.00 am (EET)

Cramo Performance Share Plan 2013 - directed share issue

The Board of Directors of Cramo Plc has on 16 December 2015 decided on a directed share issue related to the reward payment for the performance period 2013 of Cramo Performance Share Plan 2012.

In the share issue, 43 562 Cramo shares held by the company have been conveyed without consideration to the key employees participating in the performance period 2013 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 4 May 2012.

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 31 March 2015. 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, the company holds a total of 251 988 own shares.

CRAMO PLC

Leif Gustafsson
President and CEO

 

Further information:

Leif Gustafsson, President and CEO, tel: +46 70 677 2777

Martti Ala-Härkönen, CFO, tel: +358 10 661 1270 or +358 40 737 6633

 

Distribution:

Nasdaq Helsinki Ltd.
Major media
www.cramo.com

 

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 fifteen countries with 330 depots. With a group staff around 2.500, Cramo's consolidated sales in 2014 was EUR 652 million. Cramo shares are listed on the Nasdaq Helsinki Ltd.