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Outotec Oyj: Directed share issue for payment of year 2014 share-based incentive program


Directed share issue for payment of year 2014 share-based incentive program

Outotec's Board of Directors has decided on issuance of shares held by the
company for payment of the reward of the Share-based Incentive Program
2013-2015 from the 2014 earning period. The reward equals 10.95 % of the
eligible maximum reward for the earning period, it can be paid to a maximum
of 167 Outotec employees and is at maximum 100,621 shares.

Outotec's Board of Directors has resolved to convey for free to the
participants by a directed share issue without consideration a total maximum
number of 77,227 Outotec shares held by the company. The Share-based
Incentive Program's third-party administrator currently holds a total of
23,394 Outotec shares, which will be used as part of the reward payment.

On March 30, 2015, the Annual General Meeting of Outotec authorized the Board
of Directors to decide on the issuance of shares (maximum 18,312,149 shares,
or approximately 10% of total shares) and the issuance of special rights
entitling to shares. After the Share-based Incentive Program share issue,
the Board has a remaining authorization for 18,234,922 shares valid until the
closing of the next Annual General Meeting.

For further information please contact:

Mikko Puolakka, CFO
Tel. +358 20 529 211


NASDAQ Helsinki
Main media


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: Outotec Oyj via Globenewswire


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