The board committees of YIT Corporation
Helsinki, Finland, 2013-06-17 13:00 CEST --
YIT CORPORATION STOCK EXCHANGE RELEASE 17 June 2013 at 14.00 p.m.
THE BOARD COMMITTEES OF YIT CORPORATION
The Extraordinary General Meeting of YIT Corporation (”YIT”), held today on 17 June 2013, approved the demerger plan concerning YIT’s partial demerger and decided on YIT’s partial demerger in accordance with the demerger plan. The planned registration date of the implementation of the demerger is 30 June 2013.
The Board Committees of YIT and the composition of the Committees
The Board of Directors of YIT decided in its meeting held on 17 June 2013 the following concerning the Committees:
From among its members, the Board elected Satu Huber as chairman of the Audit Committee and Reino Hanhinen and Erkki Järvinen as members.
The Personnel Committee will continue at its current composition: Henrik Ehrnrooth as chairman and Kim Gran and Reino Hanhinen as members.
The Board decided to discontinue the Working Committee.
The resolutions shall become effective on the date of registration of the implementation of the demerger.
The registration document according to the Finnish Securities Markets Act, which includes information on Caverion and its business and financial position, as well as the securities note and summary (together with the registration document the “Prospectus”) related to the partial demerger disclosed by YIT on 5 February 2013 and the shares to be given as demerger consideration in connection with the partial demerger, have been available as of 5 June 2013 on YIT’s website at www.yit.fi/sijoittajat. The unofficial English translation of the Prospectus has been available as of 5 June 2013 on YIT’s website at www.yitgroup.com/investors.
For additional information, please contact:
Timo Lehtinen, CFO, YIT Corporation, tel. +358 45 670 0626, firstname.lastname@example.org
Helsinki, 17 June 2013
Board of Directors
NASDAQ OMX Helsinki
This announcement is not an offer of securities for sale in any jurisdiction. No securities are being registered under the US Securities Act of 1933 and may not be offered or sold in the United States absent registration or an exemption from registration. No public offering of securities is being made in the United States.
This release includes forward-looking statements. These forward-looking statements include, but are not limited to, all statements other than statements of historical facts contained in this communication, including, without limitation, those regarding the demerger plan and its execution. By their nature, forward looking statements involve known and unknown risks, uncertainties and other factors because they relate to events and depend on circumstances that may or may not occur in the future. Such statements are based on numerous assumptions and may differ materially from (and be significantly more negative than) those made in, or suggested by, the forward-looking statements contained in this release.