On 8 June 2007 Ruukki Group Plc announced that three million shares shall
potentially be directed to CEO Matti Vikkula at the final subscription price of
the June 2007 share issue. Moreover, it was announced that based on the CEO
position of Matti Vikkula, alternatively another similar incentive scheme could
be agreed upon.
The incentive scheme referred above has been agreed to be carried out as
follows:
Inter-Marathon Oy, limited liability company fully owned by the CEO, gave a
subscription commitment for a total of three million shares in the June 2007
share issue. Due to excess demand of shares, Inter-Marathon Oy was allocated
1,973,315 Ruukki Group Plc shares in that share issue. The total subscription
price for these shares was somewhat over EUR 4.5 million.
Of these shares detailed above, Inter-Marathon Oy will transfer a total of
600,000 shares to CEO Matti Vikkula. Ruukki Group Plc will finance the purchase
of these shares by granting Matti Vikkula a loan of one million three hundred
eighty thousand (1,380,000) euros within the limits of the total distributable
funds of the company. Furthermore, CEO Vikkula will be entitled to a monetary
bonus that will be tied, based on various steps, to the value development of one
million Ruukki Group shares up until 2011.
After the measures detailed above have been finalised CEO Vikkula owns directly
or through the company owned by him a total of 3,016,400 Ruukki Group Plc
shares, which corresponds to about 1.04 % of the total registered number of
shares of the company.
RUUKKI GROUP PLC
BOARD OF DIRECTORS
Ruukki Group Plc focuses on the products and services of the wood processing
industry. The planned focus of investments is in Russia. Ruukki Group Plc's
share is listed on Helsinki Stock Exchange. In the OMX Nordic Exchange the
shares of the company are traded in the so-called mid cap sector, in the
industrials segment.
For further information, please contact:
Matti Lainema
Chairman of the Board
Ruukki Group Plc
Telephone +358 44 044 9666
www.ruukkigroup.fi