PAYING PANOSTAJA OYJ BOARD MEMBERS’ FEES IN THE
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Panostaja Oyj Stock Exchange Bulletin, 29th December 2016, 17.15 p.m.
With reference to Board meeting fees, Panostaja Oyj’s AGM decided on 2 nd February 2016 that about 40% of the fee paid to a board member should be paid in accordance with the share issue authorisation given to the Board by transferring company shares to each Board member unless a Board member should already own more than one per cent of the total share capital on the date of the AGM. If a Board member’s holding in the company on the date of the AGM should exceed one per cent of the total share capital, the fee shall be paid fully in cash. Panostaja Oyj’s Board also decided at its organisational meeting held upon completion of the AGM to implement the AGM decision concerning Board member fees paid as shares in such a way that shares are transferred on a quarterly basis on the date following publication of the quarterly/annual report.
According to decisions taken at the AGM and by the Board, Panostaja Oyj transferred to Board members a total of 13,187 shares as part of their Board meeting fees as follows:
A total of 4,395 shares were transferred to the chairman of the Board Jukka Ala-Mello. As a result of the transfer, his holdings in Panostaja Oyj and other instruments issued by Panostaja Oyj amount to 124,372 shares.
A total of 2,198 shares were transferred to Board member Eero Eriksson. As a result of the transfer, his holdings in Panostaja Oyj and other instruments issued by Panostaja Oyj amount to 55,809 shares.
A total of 2,198 shares were transferred to Board member Hannu Tarkkonen. As a result of the transfer, his holdings in Panostaja Oyj and other instruments issued by Panostaja Oyj amount to 81,666 shares.
A total 2,198 shares were transferred to Board member Antero Virtanen. As a result of the transfer, his holdings in Panostaja Oyj and other instruments issued by Panostaja Oyj amount to 39,194 shares.
A total of 2,198 shares were transferred to Board member Tarja Pääkkönen. As a result of the transfer, his holdings in Panostaja Oyj and other instruments issued by Panostaja Oyj amount to 9,027 shares.
Fees for Board member Mikko Koskenkorva have been paid fully in cash, as Mikko Koskenkorva’s holding on the date of the AGM exceeded the one per cent limit set by the AGM. Mikko Koskenkorva’s holdings in Panostaja Oyj and other instruments issued by Panostaja Oyj amount to 1,455,055 shares.
The CEO and the members of the Senior Management Team are involved in a share bonus system. The company´s management owns shares directly and through influential organizations. The Board of Directors of Panostaja Oyj decides on the principles underlying the reward scheme for the CEO and the Members of the Senior Management Team. On December 8th, 2016, the Board decided to transfer 18,240 shares to the Senior Management Team members.
A total of 6,720 shares were transferred to CEO Juha Sarsama. As a result of the transfer, his holdings in Panostaja Oyj and other instruments issued by Panostaja Oyj amount to 675,906 shares.
A total of 3,840 shares were transferred to Senior Management Team member CFO Tapio Tommila. As a result of the transfer, his holdings in Panostaja Oyj and other instruments issued by Panostaja Oyj amount to 320,773 shares.
A total of 3,840 shares were transferred to Senior Management Team member Minna Telanne. As a result of the transfer, his holdings in Panostaja Oyj and other instruments issued by Panostaja Oyj amount to 214,768 shares.
A total of 3,840 shares were transferred to Senior Management Team member Miikka Laine. As a result of the transfer, his holdings in Panostaja Oyj and other instruments issued by Panostaja Oyj amount to 203,840 shares
As a result of the transfer, the company holds a total of 323 765 shares.
This stock exchange bulletin completes the Managers´ Transaction bulletins which Panostaja announced on 12th December 2016.
PANOSTAJA OYJ, BOARD OF DIRECTORS
Juha Sarsama
CEO
For further information, please contact Juha Sarsama +358 40 774 2099
Panostaja is an investment company developing Finnish SMEs in the role of an active majority shareholder. The company aims to be the most sought-after partner for business owners selling their companies as well as for the best managers and investors. Together with its partners, Panostaja increases the Group's shareholder value and creates Finnish success stories. Panostaja operates in eight business segments, and Panostaja Group employs some 1,300 staff. Panostaja’s shares (PNA1V) are quoted on the Nasdaq Helsinki Stock Exchange. In the 2016 financial period, the Group’s official net sales totaled MEUR 172,5
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