Detection Technology: Directed share issue in accordance with the share incentive programs and block trade to be executed

Detection Technology Plc Company Announcement 3 December 2018 at 9:30 (EET)

Detection Technology: Directed share issue in accordance with the share incentive programs and block trade to be executed

In connection with the share incentive programs, today 3 December 2018 the Board of Detection Technology Plc has resolved to issue 474,835 new shares in a directed share issue without payment to the individuals entitled to the share incentives based on the authorization granted by the general meeting of shareholders held on 27 March 2018. The individuals entitled to the share incentives have given sale orders for 253,984 shares to cover taxes resulting from the programs, as previously announced. The individuals selling shares have agreed to a 6-month lock-up undertaking concerning shares held by them.

The new shares will be entered into the Finnish Trade Register on or about 4 December 2018, and they will provide the shareholder rights as of the registration. The new shares will be subject to trading on the First North Finland marketplace together with the old shares on or about 4 December 2018. The number of shares outstanding in Detection Technology following the share issue is 14,375,430.

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 detector solutions for medical, security and industrial applications. The company’s net sales grew 18% to EUR 89 million in 2017. The company has 240 customers in 40 countries. Detection Technology employs over 450 people in Finland, China and the US. The company’s shares are listed on the Nasdaq First North Finland marketplace under the ticker symbol DETEC.

DISTRIBUTION:
Nasdaq Helsinki
Key media
www.deetee.com