Transfer of shares held by Oyj for the payment of the remuneration to the Board of Directors

29 July 2020 - 08:45 Oyj Stock Exchange Release July 29, 2020 at 9:45 EET

Transfer of shares held by Oyj for the payment of the remuneration to the Board of Directors

Based on the decision of the Annual General Meeting held on March 31, 2020, Oyj has today transferred a total of 4,860 treasury shares held by the Company to the Chairman and certain members of the Board of Directors as part of the annual fees of the Board of Directors. The payable amount of annual remuneration was paid fully in cash to Samuli Seppälä.

The Annual General Meeting of Oyj resolved on March 31, 2020 that as a rule 50 percent of the annual fee of the Chairman and the members of the Board of Directors will be paid in Oyj shares either purchased from the market or alternatively by using treasury shares held by the Company.

After the transfer of the shares, Oyj holds 357,986 treasury shares. The resolutions of the Annual General Meeting were announced in a company release on March 31, 2020.

For more information, please contact:

Panu Porkka
Tel. +358 10 309 5555

Mikko Forsell
Tel. +358 10 309 5555


Nasdaq Helsinki
Principal media in short is Finland’s most popular and most visited Finnish online retailer, with the aim to sell to products to its customer at probably always cheaper prices. Depending on the season, the Company markets, sells, and distributes some 60,000–70,000 products in 26 different main product categories through its webstore, retail stores, and network of pick-up points. The Company has four megastores: in Oulu, Pirkkala, Raisio, and Helsinki, in addition to which products can be collected at more than 3,000 pick-up points. was founded in 1992 and it is headquartered in Jätkäsaari, Helsinki. The Company’s shares are listed on the official list of Nasdaq Helsinki under the ticker symbol VERK.

Provided by: GlobeNewswire Oyj Oyj is a retail store in Finland, and it operates mainly online. It offers thousands of products under various product categories such as computer technology, consumer electronics, toys, games, navigation products, and others. The group sells its products to suppliers through retail stores, the webstore, and other media. The revenue streams of the company consist of the sale of go...
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