Vacon Plc, Stock Exchange Release 22 April 2009, at 11.15 a.m.: Vacon's Board of Directors has confirmed that the bonus in the share bonus scheme for 2008 is 45% of the maximum amount. The Board decided to assign 15,801 of the company shares held by the company without consideration to the recipients of the bonus as the share portion of the total bonus. In accordance with the terms of the share bonus scheme, 55% of the total bonus is paid in cash and 45% as shares. For the 2008 earnings period, the recipients of the bonus are 30 persons in corporate management and other positions. The handover date for the shares is 28 April 2009. Vacon's Board of Directors decided in January 2008 to introduce a share bonus scheme as part of the Group's program to provide motivation and commitment for key personnel. The scheme was divided into three separate one-year earnings periods, which were the calendar years 2008, 2009 and 2010. The shares earned as a bonus must be held for two calendar years after the end of the earnings period. Those in the share bonus scheme have the opportunity for each of the three years to earn a bonus of shares based on the financial success of the company. The metrics chosen were revenues, operating profit (EBIT) and turnover of working capital. After handing over these shares, the company holds 86,011 of its own shares. Vacon in brief Vacon is driven by a passion to design, manufacture and sell only the best AC drives on the planet - and nothing else. AC drives can be used to control electric motors or to help generate power from renewable sources. Vacon has R&D and production units in Finland, the United States, China and Italy, and sales offices in more than 25 countries. In 2008, Vacon had revenues of EUR 293.2 million and globally employed ca 1,200 people. Vacon's shares (VAC1V) are listed and publicly traded on the Helsinki Stock Exchange. Driven by Drives, www.vacon.com Vacon Plc For more information, please contact: Vesa Laisi, President and CEO, Vacon Plc, tel. +358 (0)40-8371 510 Mika Leppänen, Vice President, Finance and Control, Vacon Plc, tel. +358 (0)40-8371 235 Distribution: OMX Nordic Exchange Financial Supervision Authority Media
Assignment of Vacon's own shares - share bonus scheme 2008-2010
| Source: Vacon.