ROBIT PLC COMPANY RELEASE 15 DECEMBER 2016 AT 09.00 P.M.
ROBIT PLC GRANTS OWN SHARES FOR BOARD'S YEARLY COMPENSATION
At the meeting on 15th December 2016, the Board of Directors of Robit Plc has decided to grant in total 4 893 shares on 22nd December 2016 to its Board of Directors as the yearly compensation payment based on period of rule 2016. The release is based on the authorization given to the Board by the Annual General Meeting on 18th March 2016.
The release price of the granted shares is 9,40 EUR, which is the closing price of Robit Plc's share on 15th December 2016. The total value of the granted share is accordingly 45 994,20 EUR.
The share compensation will be granted with the shares, which are already in the assets of Robit Plc, so the total amount of shares will not change. The total amount of shares in Robit Plc's assets will be after the release totally 94 674 shares on 22nd December 2016.
Further information of Remuneration Statement is available on Robit Plc's website http://www.robit.fi/investors/remuneration-statement/.
ROBIT PLC
Board of Directors
Further information:
Robit Plc
Harri Sjöholm, Chairman
+358 400 622 092
harri.sjoholm@robit.fi
Certified Advisor
Skandinaviska Enskilda Banken AB (publ) Helsinki Branch
Tel. +358 9 6162 8101
Robit is a Finnish company selling and servicing global customers in drilling consumables for applications in tunneling, geothermal heating and cooling, construction, and mining industries. The company's business is divided into Top Hammer, Down-the-Hole and Digital Services business units. Robit has 17 own offices and active sales networks in 115 countries and production in Finland, South Korea, Australia and UK. The company is listed in Nasdaq Helsinki Ltd's First North Finland marketplace with trading code ROBIT. For more information, see www.robit.fi.
Distribution:
Nasdaq Helsinki Ltd
Key media
www.robit.fi