YIT announces new strategy and financial targets for 2025-2029, introduces a new segment structure
StockExchangeReleaseJune 25, 2013 10.00 a.m EEST
CHANGE IN THE HOLDING OF YIT'S OWN SHARES AND IN THE NUMBER OF SHARES GIVEN AS DEMERGER CONSIDERATION
YIT Corporation has today on June 25, 2013 received a return of 2,499 shares free of consideration according to the terms and conditions of YIT's share-based incentive scheme. Originally the shares were conveyed to YIT's key persons in connection with the reward payment from the 2011 and 2012 earning periods under the share-based incentive scheme for 2010-2016.
After the return of the shares YIT holds as of June 25, 2013 a total of 1,627,330 of its own shares. The number of Caverion Corporation shares to be given as demerger consideration in the partial demerger of YIT decided by the extraordinary general meeting held on June 17, 2013 is thus 125,596,092 provided that the number of issued YIT shares and its treasury shares remains unchanged until the registration of the implementation of the demerger.
The registration document according to the Finnish Securities Markets Act, which includes information on Caverion and its business and financial position, as well as the securities note and summary (together with the registration document the “Prospectus”) related to the partial demerger disclosed by YIT on February 5, 2013 and the shares to be given as demerger consideration in connection with the partial demerger, have been available as of June 5, 2013 on YIT’s website at www.yit.fi/sijoittajat. The unofficial English translation of the Prospectus has been available as of June 5, 2013 on YIT’s website at www.yitgroup.com/investors.
YIT CORPORATION
Hanna-Maria Heikkinen
Vice President, Investor Relations
Distribution:
NASDAQ OMX
Principal media
www.yitgroup.com
DISCLAIMER
This announcement is not an offer of securities for sale in any jurisdiction. No securities are being registered under the US Securities Act of 1933 and may not be offered or sold in the United States absent registration or an exemption from registration. No public offering of securities is being made in the United States.
This release includes forward-looking statements. These forward-looking statements include, but are not limited to, all statements other than statements of historical facts contained in this communication, including, without limitation, those regarding the demerger plan and its execution. By their nature, forward looking statements involve known and unknown risks, uncertainties and other factors because they relate to events and depend on circumstances that may or may not occur in the future. Such statements are based on numerous assumptions and may differ materially from (and be significantly more negative than) those made in, or suggested by, the forward-looking statements contained in this release.