Payment of Rautaruukki Oyj treasury shares base...

Rautaruukki Corporation Stock exchange release 24 April 2014 at 9.15 EEST

Payment of Rautaruukki Oyj treasury shares based on the share-based incentive plan 2011-2013

On 23 April 2014,Rautaruukki's Board of Directors confirmed the bonus payable for the three-year earning period under the share-based incentive plan 2011-2013 for management and key employees as 16.9% of the maximum bonus payable. Of the total bonus, 50 per cent will be paid in the form of shares and the remainder in cash for the payment of taxes and fiscal charges. The Board of Directors has resolved to transfer, without consideration, 40,900 of the treasury shares held by the company to the bonus recipients as the share element of the bonus.

During the three-year earning period, there were 92 company executives or other key employees who will receive the bonus. The shares will be transferred on 28 April 2014.

In December 2010, Rautaruukki's Board of Directors decided on a share-based incentive plan as part of a commitment and incentive programme for key personnel. The plan included three earning periods, which were the calendar years 2011, 2012 and 2013. Furthermore, the plan included one three-year earning period, 2011-2013. Payment of a bonus was contingent on achieving the financial targets set. Under the terms and conditions of the share-based incentive plan, key persons have the right to participate in a takeover bid made and the lock-up clause will no longer apply to a key person accepting the bid.

Rautaruukki has had share ownership plans for management and key employees as long-term performance incentive plans since 2000.

For further information, please contact:
Sami Ärilä, SVP, Human Resources+358 20 592 9267

Rautaruukki Corporation

Taina Kyllönen
SVP, Marketing and Communications

Ruukki specialises in steel and steel construction. We provide customers with energy-efficient steel solutions for better living, working and moving. We have around 8,600 employees and an extensive distribution and dealer network across some 30 countries including the Nordic countries, Russia and elsewhere in Europe and the emerging markets, such as India, China and South America. Net sales in 2013 totalled €2.4 billion. The company's share is quoted on NASDAQ OMX Helsinki (Rautaruukki Oyj: RTRKS). www.ruukki.com

DISTRIBUTION:
NASDAQ OMX Helsinki
Main media
www.ruukki.com

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
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Source: Rautaruukki Oyj via Globenewswire

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