Conveyance of YIT Corporation’s own shares under YIT’s share-based Incentive Scheme

Conveyance of YIT Corporation’s own shares under YIT’s share-based Incentive Scheme

The Board of Directors of YIT Corporation has on 2 May 2023 decided on a directed share issue for the reward payment from the 2020–2022 earnings period under YIT Group’s Incentive Scheme 2020–2024.

In the share issue, a maximum of 36,588 YIT Corporation shares will be issued and conveyed without consideration to the key persons participating in the incentive scheme according to the terms and conditions of the Incentive Scheme 2020–2024. As the company will use its treasury shares for the reward payments, the total number of shares of the company will not change.

The share-based Incentive Scheme 2020–2024 and its terms decided by YIT’s Board of Directors were disclosed in more detail in a Stock Exchange Release published on 17 March 2020. The purpose of the scheme is to support the company's strategy and to increase the company’s value supplement to existing incentive schemes. Rewards will be paid to maximum 152 people belonging to the company's management and personnel for the 2020-2022 earnings period.

The decision on the directed share issue is based on the authorisation granted to the Board of Directors by the Annual General Meeting of Shareholders held on 16 March 2023. The shares will be delivered to the incentive scheme participants on 4 May 2023. After the conveyance of own shares, the company holds 1,552,119 own shares.

For further information:
Katja Ahlstedt, Executive Vice President, Human Resources, YIT Corporation, tel. +358 40 522 8493, katja.ahlstedt@yit.fi

YIT Corporation

Tuomas Mäkipeska
CFO

Distribution: Nasdaq Helsinki, major media, www.yitgroup.com

YIT is the largest Finnish and a significant North European development and construction company. We develop and build sustainable living environments: functional homes, future-proof public and commercial buildings, infrastructure for smooth mobility, and renewable energy solutions to benefit the climate. We employ around 5,000 professionals in nine countries: Finland, Sweden, Norway, Estonia, Latvia, Lithuania, the Czech Republic, Slovakia and Poland. Our revenue in 2022 was EUR 2.4 billion. YIT Corporation's share is listed on Nasdaq Helsinki. Read more: www.yitgroup.com