Kemira Group
Stock Exchange Release
Febuary 25, 2009 at 10.40 am (CET+1)
New share-based incentive plan for Kemira's Management Board members
The Kemira Board of Directors has decided to introduce a new
share-based incentive plan aimed at Strategic Management Board
members, as part of the company's incentive and commitment schemes.
The plan is divided into three one-year performance periods: 2009,
2010, and 2011. Payment depends on achievement of the set operating
profit targets. The program also includes a three-year goal, which is
tied to the development of the operating profit as a percentage of
revenue by the end of 2011.
Any payments will be paid as a combination of Kemira shares and cash
payments covering the taxes, according to the achievement of set
goals. The combined value of shares and cash payments paid out in the
course of the three-year share-based incentive plan may not exceed
the individual's gross salary for the same period.
Shares earned through the share-compensation plan must be held for a
minimum of two years following the date of each payment. In addition,
members of the Management Board must retain shares obtained through
the share-based incentive programs at least to the value of their
gross annual salary for as long as they remain in the company's
employment.
The shares transferable under the plan comprise treasury shares or
Kemira Oyj shares available in public trading.
In addition to the new share-based incentive plan aimed at Management
Board members, Kemira has had a share-based incentive plan aimed at
key personnel since 2004, in which members of the Management Board
will no longer participate.
Share-based incentive plans aim to align the goals of shareholders
and key personnel in order to increase the value of the company,
motivate key personnel, and provide competitive shareholder-based
incentives.
Kemira Oyj
Päivi Antola, Senior Manager, Investor Relations and Financial
Communications
Source of additional information:
Kemira Oyj
Jukka Hakkila, Group General Counsel
Tel. +358 40 544 2303
Kemira is a focused company, best in water and fiber management
chemistry.
In 2008, Kemira recorded revenue of approximately EUR 2.8 billion and
had a staff of 9,400. Kemira operates in 40 countries.
www.kemira.com
