Kemira Oyj
Stock Exchange Release
April 29, 2015 at 3.30 pm (CET+1)
Based on the decision of the Annual General Meeting of Kemira Oyj on March 23, 2015, Kemira Oyj has transferred 10,583 shares to the members of the Board of Directors as part of remuneration of the Board.
Trading code: KRA1V
Number of shares: 10,583
The price per share of the transferred shares is EUR 11.15 which is the volume weighted average quotation of the Kemira Oyj share on April 28, 2015.
After the transfer on April 29, 2015, the company will continue to hold a total of 3,280,602 shares.
The Annual General Meeting on March 23, 2015 decided that the annual fee for the Board of Directors be paid as a combination of the company's shares and cash in such a manner that 40% of the annual fee is paid with the company's shares owned by the company or, if this is not possible, shares purchased from the market, and 60% is paid in cash. According to the decision the shares will be transferred to the members of the Board of Directors and, if necessary, acquired directly on behalf of the members of the Board of Directors within two weeks from the release of Kemira's January-March 2015 Interim Report.
For more information, please contact
Kemira Oyj
Tero Huovinen, VP, Investor Relations
+358 10 862 1980
Kemira is a global chemicals company serving customers in water-intensive industries. We provide expertise, application know-how and chemicals that improve our customers' water, energy and raw material efficiency. Our focus is on pulp & paper, oil & gas, mining and water treatment. In 2014, Kemira had annual revenue of EUR 2.1 billion and around 4,250 employees. Kemira shares are listed on the NASDAQ OMX Helsinki Ltd.
www.kemira.com
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Kemira Oyj via Globenewswire
HUG#1916603