ROBIT PLC GRANTS OWN SHARES FOR BOARD’S ANNUAL COMPENSATION AND FOR CEO AS PART OF ANNUAL SALARY
16 December 2023 - 3:00AM
ROBIT PLC GRANTS OWN SHARES FOR BOARD’S ANNUAL COMPENSATION AND FOR
CEO AS PART OF ANNUAL SALARY
ROBIT PLC STOCK
EXCHANGE RELEASE 15
DECEMBER 2023 AT 18.00
EET
ROBIT PLC GRANTS OWN SHARES FOR BOARD’S ANNUAL COMPENSATION AND
FOR CEO AS PART OF ANNUAL SALARY
At its meeting on 15th December 2023, the Board
of Directors of Robit Plc decided to grant in total 60 294 shares
to its Board of Directors as the annual compensation for the year
2023. The grant is based on the authorization given to the Board of
Directors by the Annual General Meeting on 15th March 2023. The
total value of the granted shares based on the closing price of
13th December 2023 is EUR 82 000.
The Board of Directors decided to grant to the
Group CEO, Arto Halonen, in total 8 824 shares as part of the fixed
yearly salary. The release is based on CEO contract. The total
value of the granted shares based on the closing price of 13th
December 2023 is EUR 12 000.
The total amount of the granted shares is
accordingly 69 118 shares and the total value based on the
closing price of 13th December 2023 is EUR 94 000.
The share compensation is granted with the
shares, which are already in the assets of Robit Plc, so the total
amount of shares does not change. The total amount of shares in
Robit Plc’s assets before the release is 116 308 shares equaling
0.5 percent of the total amount of the company’s shares and after
the release the total amount of shares is 47 190 equaling 0.2
percent of the total amount of the company’s shares.
The granted shares will be paid by 20th December
2023.
ROBIT PLCBoard of Directors
Further information:Arto Halonen, Group CEO+358 40 028
0717arto.halonen@robitgroup.com
Distribution:Nasdaq Helsinki LtdKey mediawww.robitgroup.com
Robit is the expert focused on high quality
drilling consumables for mining and construction markets globally
to help you drill Further. Faster. Robit strives to be world number
one company in drilling consumables. Through our high and proven
quality Top Hammer, Down the Hole and Geotechnical products, and
our expert services, we deliver saving in drilling costs to our
customers. Robit has its own sales and service points in seven
countries and an active distributor network through which it sells
to more than 100 countries. Robit’s manufacturing units are located
in Finland, South Korea, and the UK. Robit’s shares are listed on
Nasdaq Helsinki Ltd. Further information is available at
www.robitgroup.com.
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