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Transfer of Wärtsilä Corporation’s own shares for incentive plan reward payment

Wärtsilä Corporation, Stock exchange release 19 February 2024 at 08:30 UTC+2

Transfer of Wärtsilä Corporation’s own shares for incentive plan reward payment

The Board of Directors of Wärtsilä Corporation has decided on a directed share issue for the reward payments based on the Performance Share Plan 2021–2023 in accordance with the terms and conditions of the plan. In the share issue, 57,425 Wärtsilä shares held by the company will be transferred without consideration on 28 February 2024 to the participants who are entitled to reward on the basis of Performance Share Plan 2021–2023. More detailed information about the launch and the terms and conditions of the plan is available in the stock exchange release published on 28 January 2021.

The resolution on the directed share issue is based on the authorisation granted to the Board of Directors by the Annual General Meeting of Shareholders held on 9 March 2023.

After the transfer of shares, Wärtsilä holds a total of 2,642,575 own shares.

Further information:

Samu Heikkilä
Senior Manager, Investor Relations
Tel. +358 10 709 1121

Wärtsilä in brief

Wärtsilä is a global leader in innovative technologies and lifecycle solutions for the marine and energy markets. We emphasise innovation in sustainable technology and services to help our customers continuously improve environmental and economic performance. Our dedicated and passionate team of 17,800 professionals in more than 280 locations in 79 countries shape the decarbonisation transformation of our industries across the globe. In 2023, Wärtsilä’s net sales totalled EUR 6.0 billion. Wärtsilä is listed on Nasdaq Helsinki. http://www.wartsila.com