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Robit Plc: ROBIT PLC GRANTED OWN SHARES FOR BOARD’S ANNUAL COMPENSATION AND FOR CEO AS PART OF ANNUAL SALARY

Written by Customer Service on . Posted in Public Companies.

ROBIT PLC                          STOCK EXCHANGE RELEASE                  13.12.2019 AT 19.30ROBIT PLC GRANTED OWN SHARES FOR BOARD’S ANNUAL COMPENSATION AND FOR CEO AS PART OF ANNUAL SALARYAt the meeting on 13th December 2019, the Board of Directors of Robit Plc decided to grant in total 26.614 shares to its Board of Directors as the annual compensation for the year 2019. The grant was based on the authorization given to the Board by the Annual General Meeting on 27th March 2019.The stock price of the granted shares was 2,48 EUR, which was the closing price of Robit Plc’s share on 13th December 2019. The total value of the granted shares is accordingly 66.002,72 EUR.The share compensation was granted with the shares, which were already in the assets of Robit Plc, so the total amount of shares did not change. The total amount of shares in Robit Plc’s assets is after the release totally 148 793.ROBIT PLCBoard of DirectorsRobit is a strongly internationalised growth company servicing global customers and selling drilling consumables for applications in mining, construction and contracting, tunnelling and well drilling. The company’s offering is divided into two product and service ranges: Top Hammer and Down-the-Hole. Robit has 13 of its own sales and service points throughout the world as well as an active sales network in over100 countries. Robit’s manufacturing units are located in Finland, South Korea, Australia and the UK. Robit’s shares are listed on NASDAQ Helsinki Ltd. Further information is available at: www.robitgroup.com

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