Koskisen Corporation stock exchange release, February 7, 2023, at 02:15 p.m. EET
The Board of Directors of Koskisen Corporation has decided on a directed share issue without consideration as part of the management remuneration
With reference to the prospectus of Koskisen Corporation, dated November 18, 2022, the Board of Directors of Koskisen Corporation has decided on a directed share issue without consideration to the company’s CEO and CFO by issuing 9,000 new shares.
The value of the first instalment to Koskisen’s CEO in connection with completion of the listing corresponds to 12,000 shares, half of which will be paid in cash for covering the tax withholding liability. The value of the first instalment to Koskisen’s CFO corresponds to 6,000 shares, half of which will be paid in cash for covering the tax withholding liability.
After the registration of the new shares, the total number of shares in Koskisen Corporation is 23,011,659 shares. A total of 9,000 new shares of the directed share issue without consideration will be entered into the Trade Register on or about 16 February 2023 and will be traded together with the old shares on the Official list of the Helsinki Stock Exchange by Nasdaq Helsinki Ltd on or about 17 February 2023. The new shares will produce the shareholder rights as of their registration day.
The Board of Directors of Koskisen Corporation decided on a directed share issue without consideration pursuant to an authorization given by the Extraordinary General Meeting on 31 October 2022.
For more information, please contact:
Sanna Väisänen, Director, Sustainability and Communications, Koskisen Corporation
puh. +358 20 553 4563
Koskisen is a more than a century old international wood processing expert known for its agility and ability to listen to the customer. We utilise our valuable wood raw material as thoroughly as possible, down to the last particle of sawdust. At the same time, we are bringing the best carbon narrative to life: We manufacture high-quality and sustainable products that store carbon for decades. The Group’s revenue in 2021 was EUR 311 million. Read more: koskisen.com