3/3/2014

Orion Oyj : Transfer of 119,326 own B-shares on 3 March 2014

 
 

ORION CORPORATION        STOCK EXCHANGE RELEASE 3 MARCH 2014 at  6.55 p.m.  EET              

Transfer of 119,326 own B-shares on 3 March 2014

In accordance with a decision by the Board of Directors, Orion Corporation has on 3 March 2014 transferred altogether 119,326 Orion Corporation B-shares held by the company as a share reward for earning periods 2011-2013 and 2013 to the persons employed by the Orion Group and belonging to the Share-based Incentive Plans of the Orion Group. The transfer is based on the authorisation by the Annual General Meeting of 19 March 2013. The price per share of the transferred shares is EUR 23.4802, which is the volume weighted average quotation of the Orion Corporation B-share on 3 March 2014. Accordingly, the total transaction price of the transferred shares is EUR 2,801,798.35.

After the share transfer, the total number of own B-shares held by Orion Corporation is 569,665.

Orion Corporation has informed about the Share-based Incentive Plans in stock exchange releases on 18 February 2010 and 5 February 2013.

  
Orion Corporation

Timo Lappalainen
President and CEO
    Olli Huotari
SVP, Corporate Functions

                       
     

Publisher:
Orion Corporation
Communications
Orionintie 1A, FI-02200 Espoo, Finland
Homepage: www.orion.fi

Orion is a globally operating Finnish company developing pharmaceuticals and diagnostic tests - a builder of well-being. Orion develops, manufactures and markets human and veterinary pharmaceuticals, active pharmaceutical ingredients and diagnostic tests. The company is continuously developing new drugs and treatment methods. Pharmaceutical R&D focuses on central nervous system drugs, oncology and critical care drugs, and Easyhaler® pulmonary drugs.

Orion's net sales in 2013 amounted to EUR 1,007 million and the company had about 3,500 employees. Orion's A and B shares are listed on NASDAQ OMX Helsinki.