{"id":1898,"date":"2020-04-15T04:57:00","date_gmt":"2020-04-15T04:57:00","guid":{"rendered":"http:\/\/wordpress2.hdnweb.com\/2020\/04\/15\/kamuxs-transfer-of-own-shares-for-payment-of-share-based-incentives-2019\/"},"modified":"2020-04-15T04:57:00","modified_gmt":"2020-04-15T04:57:00","slug":"kamuxs-transfer-of-own-shares-for-payment-of-share-based-incentives-2019","status":"publish","type":"post","link":"https:\/\/wordpress2.hdnweb.com\/en\/2020\/04\/15\/kamuxs-transfer-of-own-shares-for-payment-of-share-based-incentives-2019\/","title":{"rendered":"Kamux&#8217;s Transfer of Own Shares for Payment of Share-based Incentives 2019"},"content":{"rendered":"<p><\/p>\n<style type=\"text\/css\"><![CDATA[\n\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n]]><\/style>\n<div class=\"xn-content\">\n<p><span class=\"xn-location\">HELSINKI<\/span>, <span class=\"xn-chron\">April 15, 2020<\/span> \/PRNewswire\/ &#8212; The Board of Directors of Kamux Corporation (&#8220;Company&#8221;) has confirmed the remuneration to be paid to the key personnel of the Kamux Group in accordance with the terms and conditions of the share-based incentive scheme and the earnings criteria set for the year 2019. According to the terms and conditions of the share-based incentive scheme 2019 and after the deduction of the cash payment portions of the remunerations meant for taxes and tax-like contributions, 25 persons included in the 2019 share-based incentive scheme shall receive altogether 40,729 existing shares held by the Company through a directed share issue without consideration.<\/p>\n<p>Further information of the share-based incentive scheme 2019 and its key terms and conditions is available in the Stock Exchange Release of <span class=\"xn-chron\">23 January 2019<\/span> and on the website of the company. The issuance of shares in accordance with the terms and conditions of the share-based incentive plan is based on the authorization given to the Board of Directors by the Company&#8217;s Annual General Meeting on <span class=\"xn-chron\">26 April 2018<\/span>, under which the Board of Directors of the Company was authorized to decide on the issuance of a maximum of 400,000 new and\/or existing shares to remunerate the Group&#8217;s key personnel in accordance with the Company&#8217;s share-based incentive scheme established by the Board of Directors on <span class=\"xn-chron\">27 April 2017<\/span>.<\/p>\n<p>After the transfer of own shares, the company holds 43,954 own shares.<\/p>\n<p>The issued shares will be subject to a transfer restriction during the commitment period. The commitment period begins when the reward is paid and ends on <span class=\"xn-chron\">31 December 2021<\/span>. A member of the Group&#8217;s Management Team must own half of the shares received as a reward based on the scheme until his\/her shareholding in the Company corresponds to the value of his\/her annual salary (ownership obligation). Each participant must own this number of shares for as long as he\/she remains a member of the Group&#8217;s Management Team.<\/p>\n<p>In H\u00e4meenlinna, <span class=\"xn-chron\">15 April 2020<\/span><\/p>\n<p><b>KAMUX CORPORATION<\/b><\/p>\n<p><b>The Board of Directors<\/b><\/p>\n<p>Kamux Corporation is a retail chain specializing in the sale of used cars and related integrated services that has grown rapidly. Kamux combines online shopping with an extensive showroom network to provide a great customer experience anytime, anywhere. In addition to digital channels, the company has total of 73 car showrooms in <span class=\"xn-location\">Finland<\/span>, <span class=\"xn-location\">Sweden<\/span> and <span class=\"xn-location\">Germany<\/span>. Since its founding, the company has sold more than 250,000 used cars, 55,432 of which were sold in 2019. Kamux&#8217;s revenue reached <span class=\"xn-money\">EUR 658.5 million<\/span> in 2019. In 2019, Kamux&#8217;s average number of employees was 595 in terms of full-time equivalent employees. The shares of Kamux are listed on the Nasdaq Helsinki stock exchange.<\/p>\n<p><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2777468-1&amp;h=3816994450&amp;u=http%3A%2F%2Fwww.kamux.com%2F&amp;a=www.kamux.com\" rel=\"nofollow\">www.kamux.com<\/a> <\/p>\n<p><b>For more information:<\/b><\/p>\n<p><span class=\"xn-person\">Juha Kalliokoski<\/span>, CEO<\/p>\n<p>Tel. +358-50-544-5538<\/p>\n<p>This information was brought to you by Cision <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2777468-1&amp;h=2443060538&amp;u=http%3A%2F%2Fnews.cision.com%2F&amp;a=http%3A%2F%2Fnews.cision.com\" rel=\"nofollow\">http:\/\/news.cision.com<\/a><\/p>\n<p><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2777468-1&amp;h=409139890&amp;u=https%3A%2F%2Fnews.cision.com%2Fkamux%2Fr%2Fkamux-s-transfer-of-own-shares-for-payment-of-share-based-incentives-2019%2Cc3088035&amp;a=https%3A%2F%2Fnews.cision.com%2Fkamux%2Fr%2Fkamux-s-transfer-of-own-shares-for-payment-of-share-based-incentives-2019%2Cc3088035\" rel=\"nofollow\">https:\/\/news.cision.com\/kamux\/r\/kamux-s-transfer-of-own-shares-for-payment-of-share-based-incentives-2019,c3088035<\/a><\/p>\n<\/div>\n<p> <\/p>","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p><span class=\"xn-location\">HELSINKI<\/span>, <span class=\"xn-chron\">April 15, 2020<\/span> \/PRNewswire\/ &#8212; The Board of Directors of Kamux Corporation (&#8220;Company&#8221;) has confirmed the remuneration to be paid to the key personnel of the Kamux Group in accordance with the terms and conditions of the share-based incentive scheme and the earnings criteria set for the year 2019. According to the terms and conditions of the share-based incentive scheme 2019 and after the deduction of the cash payment portions of the remunerations meant for taxes and tax-like contributions,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[18],"tags":[],"class_list":["post-1898","post","type-post","status-publish","format-standard","hentry","category-hispanicmotorpress"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Kamux&#039;s Transfer of Own Shares for Payment of Share-based Incentives 2019 - Multisitio 2<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wordpress2.hdnweb.com\/en\/2020\/04\/15\/kamuxs-transfer-of-own-shares-for-payment-of-share-based-incentives-2019\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kamux&#039;s Transfer of Own Shares for Payment of Share-based Incentives 2019 - Multisitio 2\" \/>\n<meta property=\"og:description\" content=\"HELSINKI, April 15, 2020 \/PRNewswire\/ -- The Board of Directors of Kamux Corporation (&quot;Company&quot;) has confirmed the remuneration to be paid to the key personnel of the Kamux Group in accordance with the terms and conditions of the share-based incentive scheme and the earnings criteria set for the year 2019. 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