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ReleasesSolteq Plc Stock Exchange Bulletin March 19, 2015 at 3.15 pm
In spring 2011 and summer 2012, the Management Team members of Solteq Plc. acquired a total of 750,000 treasury shares of the Company for indirect ownership.The purchases were financed partly through capital investments by the Executive Team members and partly through an interest-bearing loan granted by Solteq. It was agreed that the ownership and incentive scheme would be valid until the publication of the 2014 Financial Statements and dissolved in a manner to be agreed on later.The original Stock Exchange Releases on the arrangements were published on 1 March 2011 and on 17 July 2012.
Solteq Plc’s Board of Directors has decided to dissolve the ownership and incentive scheme by purchasing the capital stocks of the Management Team’s holding companies Solteq Management Oy and Solteq Management Team Oy from their shareholders at fair value.In the determination of the fair value, the Solteq Plc shares held by the holding companies are measured at EUR 1,57 per share.The price level corresponds to the volume-weighted average price of Solteq Plc’s shares in 13.2. – 20.2.2015, i.e. on the publishing date of the Financial Statements and on the following five trading days.
After the acquisition of the capital stocks of the holding companies, Solteq Plc. will hold a total of 860.881 of its treasury shares either directly or through its subsidiaries.
Solteq Plc.
Board of Directors
Further information:
CFO Antti Kärkkäinen, Board Secretary
Tel +358 40 8444 393
E-mail: antti.karkkainen@solteq.com
Distribution:
Nasdaq OMX Helsinki
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