AHLSTROM-MUNKSJÖ OYJ, STOCK EXCHANGE RELEASE April 6, 2017 at 17:30 CEST
Ahlstrom-Munksjö Oyj: Payout from Munksjö’s long-term incentive programs
The Board of Directors of Ahlstrom-Munksjö Oyj has confirmed the payout of the long-term share-based incentive program for the members of the management team and other key personnel of Munksjö Oyj (name of Ahlstrom-Munksjö prior to merger with Ahlstrom Corporation; “Munksjö”) approved in May 2014 (the “LTIP 2014–2016”) and the long-term share-value-based incentive program for the members of the management team and other key personnel of Munksjö approved in June 2016 (the “LTIP 2016–2018”). Further information on the programs can be found from stock exchange releases published by Munksjö on May 28, 2014 and June 15, 2016, available on www.ahlstrom-munksjo.com (http://www.munksjo.com). Munksjö announced on December 16, 2016 that the Board of Directors had decided to terminate the LTIP 2016–2018 as of the completion of the merger of Ahlstrom Corporation into Munksjö, which occurred on April 1, 2017.
Pursuant to the terms and conditions of the LTIP 2014–2016 and the LTIP 2016–2018, the rewards granted thereunder are payable partially in cash and partially in shares of Ahlstrom-Munksjö. The Board of Directors of Ahlstrom-Munksjö has therefore decided to issue from treasury a total of 237,555 shares in Ahlstrom-Munksjö without consideration to the participants of said programs. The issuance is based on the authorisation granted by Munksjö’s Annual General Meeting held on April 6, 2016. The shares will be transferred to the participants on April 12, 2017, at the latest. The participants of the programs will also receive a cash payment for tax purposes in proportion to the value of the transferred shares. Following the transfer, Ahlstrom-Munksjö holds 62,445 own shares, corresponding to approximately 0.065 per cent of the total shares and votes in Ahlstrom-Munksjö.
For further information, please contact
Juho Erkheikki, Investor and Media Relations Manager, tel. +358 50 413 45 83, email@example.com
Ahlstrom-Munksjö in brief
Ahlstrom-Munksjö is a global leader in fiber-based materials, supplying innovative and sustainable solutions to customers worldwide. Our offerings include decor paper, filter media, release liners, abrasive backings, nonwovens, electrotechnical paper, glass fiber materials, food packaging and labeling, tape, medical fiber materials and solutions for diagnostics. Combined annual net sales are about EUR 2.2 billion and we employ 6,200 people. The Ahlstrom-Munksjö share is listed on the Nasdaq Helsinki and Stockholm. The company was formed on April 1, 2017 through the merger of Ahlstrom Corporation and Munksjö Oyj. Read more at www.ahlstrom-munksjo.com.