TELESTE CORPORATION STOCK EXCHANGE RELEASE 5.4.2019 AT 10:35 EET
TELESTE LONG-TERM SHARE-BASED INCENTIVE PROGRAMME 2015 - DIRECTED SHARE ISSUE
The Board of Directors of Teleste Plc has on 4 April 2019 decided on a directed share issue related to the reward payment for the performance period 2016-2018 of Teleste long-term share-based incentive programme 2015.
In the share issue, 22 361 Teleste shares held by the company have been conveyed without consideration to the key employees participating share-based incentive programme in accordance with the terms and conditions of the plan. More detailed information about the launch of the performance period and its terms and conditions is available in a stock exchange release published on 4 February 2016.
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 4 April 2019.
After the share delivery on 5 April 2019, the company holds a total of 798,821 own shares.
The Board of Directors
CEO Jukka Rinnevaara, phone +358 2 2605 611