In accordance with a decision by the Board of Directors, Orion Corporation has on 20 March 2008 transferred altogether 25,164 Orion Corporation B-shares held by the company as a share bonus for 2007 to the persons employed by the Orion Group and belonging to the Share-based Incentive Plan of the Orion Group. The transfer is based on the authorisation by the Annual General Meeting of 2 April 2007. The price per share of the transferred shares is EUR 14.0869, which is the volume weighted average quotation of the Orion Corporation B-share on 20 March 2008. Accordingly, the total transaction price of the transferred shares is EUR 354 482.75.

 

Orion Corporation has informed about the Plan in a stock exchange release on 24 January 2007.

 

After the share transfer, the total number of own B-shares held by Orion Corporation is 324,836, including the B-shares acquired on 20 March 2008 from the stock exchange.

 

 

Orion Corporation

 

 

Timo Lappalainen                        Olli Huotari

President and CEO                      SVP, Corporate Functions

 

 

 

Publisher:

Communications

Orionintie 1A, 02200 Espoo

Homepage: www.orion.fi