Orion Corporation: Transfer of 112,961 own B shares on 1 March 2018
ORION CORPORATION STOCK EXCHANGE RELEASE 1 MARCH 2018 at 19.10 EET
In accordance with a decision by the Board of Directors, Orion Corporation has on 1 March 2018 transferred altogether 112,961 Orion Corporation B shares held by the company as a share reward for earning periods 2015-2017 and 2017 to the persons belonging to the Share-based Incentive Plans of the Orion Group. The transfer is based on the authorisation by the Annual General Meeting of 22 March 2016.
The price per share of the transferred shares is EUR 26.5238, which is the volume weighted average quotation of the Orion Corporation B share on 1 March 2018. Accordingly, the total transaction price of the transferred shares is EUR 2,996,154.97.
After the share transfer, the total number of own B shares held by Orion Corporation is 562,440.
Orion Corporation has informed about the Share-based Incentive Plans in stock exchange releases on 5 February 2013 and on 2 February 2016.
|Timo Lappalainen |
President and CEO
|Olli Huotari |
SVP, Corporate Functions