Robit Oyj : PAYMENT OF SHARE REWARDS BY GRANTING OWN SHARES BASED ON ROBIT PLC'S LONG-TERM INCENTIVE PLAN
April 23, 2024 at 06:24 am
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Published: 2024-04-23 07:15:00 CEST
Robit Oyj
Changes in company's own shares
PAYMENT OF SHARE REWARDS BY GRANTING OWN SHARES BASED ON ROBIT PLC'S LONG-TERM INCENTIVE PLAN
ROBIT PLC STOCK EXCHANGE RELEASE 23 APRIL 2024 AT 8.15 EEST
PAYMENT OF SHARE REWARDS BY GRANTING OWN SHARES BASED ON ROBIT PLC'S LONG-TERM INCENTIVE PLAN
Robit Plc's Board of Directors has decided to convey an estimated total of 4 985 of the company's treasury shares without consideration to 11 key persons and executives covered by the Group's long-term incentive plan in accordance with the terms and conditions of the Performance Share Plan LTI 2021-2023.
The directed share issue without consideration is based on an authorization given by the AGM held on April 3, 2024.
The shares will be transferred by May 6, 2024. After the transfer, the company holds a total of 42 205 treasury shares.
Robit Plc announced the long-term incentive plan in a stock exchange release issued on June 15, 2021.
ROBIT PLC
Board of Directors
Further information:
Markku Teräsvasara, Chairman
+358 40 641 8474
markku.terasvasara@gmail.com
Distribution:
Nasdaq Helsinki Ltd
Key media
www.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 atwww.robitgroup.com.
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Robit Plc is a Finland-based company that develops, produces and markets button bits for rock drilling and casing systems for ground drilling. The Company's products can be divided into top hammer drilling consumables, which are used for rock drilling, and down-the-hole (DTH) drilling consumables, which are used for ground drilling. Its rock drilling offering comprises threaded button bits, drifter rods, extension rods, coupling sleeves, pilot adapters, and reamers. The components for ground drilling include pilots, rings, and impact shoes. The Company also offers site investigation, piling, bench drilling, production drilling, drifting and tunneling, forepoling, anchoring, horizontal drilling, micropiling and underpiling, and water well drilling. The Company has sales companies in Finland, South Korea, the United States, Russia, South Africa and Peru, and sales offices in Thailand and China. Its subsidiaries include Bulroc Ltd and Drilling Tools Australia Pty Ltd, among others.