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Friday 09 May, 2014

Okmetic Oyj

REMUNERATION OF OKMETIC OYJ BOARD MEMBERS PAID ...

REMUNERATION OF OKMETIC OYJ BOARD MEMBERS PAID IN THE FORM OF OWN SHARES HELD BY THE COMPANY

OKMETIC OYJ      STOCK EXCHANGE RELEASE       9 MAY 2014    AT 12.30 P.M.

REMUNERATION OF OKMETIC OYJ BOARD MEMBERS PAID IN THE FORM OF OWN SHARES HELD BY THE COMPANY

In line with the decision of the annual general meeting, Okmetic Oyj has today transferred a total of 15,441 shares to the board members as payment of the annual remuneration.

Okmetic's annual general meeting on 9 April 2014 decided that the annual remuneration of the company's board members is paid in the company's shares and in cash for the part of taxes. It was decided that the payment of the annual remuneration is made as a one-time payment so that the number of remuneration shares is determined according to the closing quotation of the company's share on 8 May 2014.

The annual general meeting decided that the following annual remuneration is paid to the members of the board of directors: 40,000 euro to the chairman, 30,000 euro to the vice chairman, and 20,000 euro for each of the other board members. In addition, it was decided that the board members are paid meeting remuneration, amount of which is 750 euro/meeting for the chairman and 500 euro/meeting for the other board members.

After the transfer of shares the company holds 416,763 own shares.

 

OKMETIC OYJ

Juha Jaatinen

Senior Vice President, Finance, IT and Communications

For further information, please contact:

Senior Vice President, Finance, IT and Communications
Juha Jaatinen, Okmetic Oyj, tel. +358 9 5028 0286,
email: [email protected]

Distribution:

NASDAQ OMX Helsinki

Principal media

www.okmetic.com

 

OKMETIC IN BRIEF

Okmetic is a technology company which supplies tailor-made silicon wafers for sensor and semiconductor industries and sells its technological expertise. Okmetic provides its customers with solutions that boost their competitiveness and profitability.

Okmetic's silicon wafers are part of a further processing chain that produces end products that improve human interaction and quality of life. Okmetic's products are based on high-tech expertise that generates added value for customers, innovative product development and an extremely efficient production process. 

Okmetic has a global customer base and sales network, production plants in Finland and the US and contract manufacturers in Japan and China. Okmetic's shares are listed on NASDAQ OMX Helsinki under the code OKM1V. For more information on the company, please visit our website at www.okmetic.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: Okmetic Oyj via Globenewswire

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