ROBIT PLC STOCK EXCHANGE RELEASE 21 DECEMBER 2017 AT 4.00 P.M.
ROBIT PLC GRANTED OWN SHARES FOR BOARD'S YEARLY COMPENSATION
At the meeting on 15th December 2017, the Board of Directors of Robit Plc decided to grant in total 8 354 shares on 19th December 2017 to its Board of Directors as the yearly compensation payment based on period of rule 2017. The release was based on the authorization given to the Board by the Annual General Meeting on 28th March 2017.
The release price of the granted shares was 7,90 EUR, which was the closing price of Robit Plc's share on 15th December 2017. The total value of the granted shares was accordingly 66.000,00 EUR.
The share compensation was granted with the shares, which were already in the assets of Robit Plc, so the total amount of shares did not change. The total amount of shares in Robit Plc's assets is after the release totally 86 320.
Further information of Remuneration Statement is available on Robit Plc's website https://www.robitgroup.com/?investor=corporate-governance/remuneration-statement.
ROBIT PLC
Mika Virtanen, Group CEO
Further information:
Robit Plc
Mika Virtanen, Group CEO
+358 40 832 7583
mika.virtanen@robitgroup.com
Robit is a strongly internationalized growth company selling and servicing global customers in drilling consumables for applications in mining, construction and contracting, tunneling and well drilling. The company's offering is divided into three product and service range: Top Hammer and Down-the-Hole products as well as Digital Services. Robit has 21 own sales and service points as well as active sales networks in 115 countries. The manufacturing units are located in Finland, South Korea, Australia, UK and USA.
Distribution:
Nasdaq Helsinki Ltd
Key media
www.robitgroup.com