Kesko Corporation's Board of Directors has decided, in accordance with the terms and conditions of the RSP 2021 plan, to grant a total of 6,500 Kesko B shares to a key person in the company. The share numbers represent gross earnings, from which the applicable taxes are deducted, and the remaining net amount 3,250 Kesko B shares is transferred to the participant in shares.
The Restricted Share Pool (RSP) plan, first communicated in a stock exchange release on 2 February 2017, consists of annually commencing share plans. Each RSP plan has a three-year commitment period, after which the potentially granted share awards of the individual plan will be paid to the participants. Share awards based on the plans are paid in Kesko B shares.
Kesko Corporation's Board of Directors has decided to grant a total of 3,250 Kesko B shares in accordance with the rules of the RSP plan. The granting of the shares is based on the authorisation granted to the Board of Directors by the Annual General Meeting of 30 March 2023.
The gross number of shares transferred today was 6,500 from which the applicable transfer tax and withholding tax has been deducted and the remaining net amount (3,250 B shares) has been paid to the recipient in B shares in the Company.
After the transfer of the shares, Kesko holds 2,113,471 of its own B shares as treasury shares.
Further information is available from Matti Mettälä, Executive Vice President, tel. +358 105 322 200.
Kesko Corporation
DISTRIBUTION
Nasdaq Helsinki Ltd
Main news media
www.kesko.fi
Attachments:
03208735.pdf
This news release was distributed by Company News System, www.nasdaqomxnordic.com/news/marketnotices
To subscribe on regulatory news from this company, go to the subscription page
Attachments
Original Link
Permalink
Disclaimer
Kesko Oyj published this content on
20 March 2024 and is solely responsible for the information contained therein. Distributed by
Public, unedited and unaltered, on
20 March 2024 11:21:05 UTC.
Kesko Oyj is the leading wholesaler and retailer in Finland. Net sales break down by family of products as follows:
- grocery and convenience goods (53.8%; K-retailer; No. 2 in Finland): owned 1,208 supermarkets and stores under the names K-citymarket, K-supermarket, K-Market, Neste K., etc.;
- building, home improvement, DIY and gardening products (35.6%): building materials, interior design materials, gardening products, household appliances, furniture, etc. distributed via 483 outlets primarily under the Onninen, K-rauta, K-Bygg, Byggmakker, Byggarnas Partner and Carlsen Fritzøe brands;
- automotive (10.6%; K-Auto): cars (Volkswagen, Audi, Seat, CUPRA, Porsche, Bentley and MAN brands), spare parts and original accessories marketed through 49 outlets in Finland. The group also offers leisure and sports goods (owned 62 stores under the Intersport and Budget Sport names).
Net sales are distributed geographically as follows: Finland (82.4%), Nordic countries (13.7%), Baltic countries (1.1%) and other (2.8%).
KESKO OYJ 
