Detection Technology prepares trading of shares under the share incentive programs

Detection Technology Plc Company Announcement 28 July 2016 at 09.15 a.m. (EEST)

Detection Technology prepares trading of shares under the share incentive programs

Detection Technology is preparing share trading arrangements with regards to the company’s share incentive programs. With the planned arrangement the company aims to ensure that the trading of shares is managed in a controlled and transparent manner in line with the regulation.

Within the share incentive programs, the number of new shares to be issued in the first phase of the programs is 474,800 shares. Nordea Bank Finland Plc is prepared to sell 60 per cent of this amount on behalf of the individuals entitled to the share incentives to cover the estimated income taxes. According to the plan Nordea would execute the sale of shares as a block trade in December 2016.

The Board of Directors of DT will make a decision about the share issuance at latest on December 9, 2016. The Board has the AGM approval to issue 1,300,000 new shares. The number of shares outstanding at the moment is 12,950,975.

Detection Technology Plc
Board of Directors

For more information:
Hannu Martola, President and CEO
+358 500 449 475
hannu.martola@nulldeetee.com

Nordea is the company’s Certified Advisor under First North rules.

Detection Technology Plc
Detection Technology is a global provider of X-ray imaging subsystems and components for medical, security and industrial applications. Detection Technology’s net sales totaled EUR 43 million in 2015. The company has around 170 customers in 40 countries. Detection Technology employs 390 people in Finland, China and the US. The company’s shares are listed on the Nasdaq First North Finland market place.

DISTRIBUTION:
NASDAQ OMX Helsinki
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