The Board of Directors of Kesko Corporation has decided to implement the
resolution made by the Annual General Meeting on 30 March 2023 to pay
approximately 30% of the annual fees for members of the Board in B series shares
in the company, by using B shares held by the company as treasury shares in the
payment of the share portion of the fees.
The total number of shares to be transferred is 6,000 B shares which, in line
with the General Meeting resolution, corresponds to approximately 30% of the
annual fee of each Board member calculated on the closing price of 26 April
2023. The transfer of the shares will take place, in line with the General
Meeting resolution, on the first working day to follow the publication of the
interim report for the first quarter of 2023. The General Meeting resolution was
communicated in a stock exchange release on 30 March 2023.
In addition, the Board of Directors has decided, based on the fulfilment of the
performance criteria for the KPSP 2021 share-based commitment and incentive
plan, to grant a total of 1,181 Kesko B shares held by the company as treasury
shares to a member who was included in the target group for the plan. The number
of shares represents gross earning from which the applicable transfer tax and
withholding tax are deducted, and the remaining net amount is paid to the
participant in shares.
The transfer of the shares is based on the authorisation granted to the Board of
Directors by the General Meeting on 30 March 2023.
Further information is available from Lasse Luukkainen, Group General Counsel,
tel. +358 105 322 818.
Kesko Corporation
DISTRIBUTION
Nasdaq Helsinki Ltd
Main news media
www.kesko.fi