The Extraordinary General Meeting of YIT Corporation, held today on June 17, 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 June 30, 2013.
The Board of Directors of Caverion Corporation, a company to be established in connection with the implementation of the demerger, held its organizational meeting on June 17, 2013. In the meeting the Board decided on the composition of the Personnel Committee and the Audit Committee.
From among its members, Caverion’s Board elected Henrik Ehrnrooth as chairman and Michael Rosenlew and Ari Lehtoranta as members of the Personnel Committee. Michael Rosenlew was elected as chairman and Anna Hyvönen and Eva Lindqvist as members of the Audit Committee. Description of the Committees’ tasks and charters are available on Caverion’s website at www.caverion.com.
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 February 5, 2013 and the shares to be given as demerger consideration in connection with the partial demerger, have been available as of June 5, 2013 on YIT’s website at www.yit.fi/sijoittajat. The unofficial English translation of the Prospectus has been available as of June 5, 2013 on YIT’s website at www.yitgroup.com/investors.
For additional information, please contact:
Jonne Heino, Corporate General Counsel, YIT Corporation, tel. +358 20 433 2469, email@example.com
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.