In accordance with a decision by the Board of Directors, Orion Corporation has on 2 March 2020 transferred altogether 94,317 Orion Corporation B shares held by the company as a share reward for earning periods 2017–2019 and 2019 to the persons belonging to the Share-based Incentive Plan of the Orion Group. The transfer is based on the authorisation by the Annual General Meeting of 26 March 2019.
The price per share of the transferred shares is EUR 36.2999, which is the volume weighted average quotation of the Orion Corporation B share on 2 March 2020. Accordingly, the total transaction price of the transferred shares is EUR 3,423,697.67.
After the share transfer, the total number of own B shares held by Orion Corporation is 671,082.
Orion Corporation has informed about the Share-based Incentive Plans in stock exchange releases on 2 February 2016 and on 6 February 2019.
ORION CORPORATION
| Timo Lappalainen President and CEO | Olli Huotari SVP, Corporate Functions |
Contact person:
Olli Huotari, SVP, Corporate Functions, tel. +358 10 426 3054, mobile +358 50 966 3054
Publisher:
Orion Corporation
Communications
Orionintie 1A, FI-02200 Espoo, Finland
http://www.orion.fi/en
http://www.twitter.com/OrionCorpIR
Orion is a globally operating Finnish pharmaceutical company – a builder of well-being. Orion develops, manufactures and markets human and veterinary pharmaceuticals and active pharmaceutical ingredients. The company is continuously developing new drugs and treatment methods. The core therapy areas of Orion's pharmaceutical R&D are central nervous system (CNS) disorders, oncology, Finnish heritage rare diseases and respiratory diseases for which Orion develops inhaled Easyhaler® pulmonary drugs. Orion's net sales in 2019 amounted to EUR 1,051 million and the company had about 3,300 employees at the end of the year. Orion's A and B shares are listed on Nasdaq Helsinki.