The Board of Directors of Kesko Corporation has decided to implement the resolution made by the Annual General Meeting on 26 March 2024 to pay approximately 30% of the annual fees for members of the Board in B series shares in the company, by using B shares held by the company as treasury shares in the payment of the share portion of the fees.
The total number of shares to be transferred is 7,789 B shares which, in line with the General Meeting resolution, corresponds to approximately 30% of the annual fee of each Board member calculated on the closing price of 23 April 2024. The transfer of the shares will take place, in line with the General Meeting resolution, on the first working day to follow the publication of the interim report for the first quarter of 2024. The General Meeting resolution was communicated in a stock exchange release on 26 March 2024.
The transfer of the shares is based on the authorisation granted to the Board of Directors by the General Meeting on 26 March 2024.
Further informationis available from Lasse Luukkainen, Group General Counsel, tel. +358 105 322 818.
Kesko Corporation
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Nasdaq Helsinki Ltd
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www.kesko.fi
Kesko Oyj