Vacon Plc, Stock Exchange Release, 27 March 2012 at 8.30 pm (EET) Vacon's Board of Directors has confirmed that the bonus in the share bonus scheme for 2011 is 19.8% of the maximum amount. The Board decided to assign 11,781 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, 50% of the total bonus is paid in cash and 50% as shares. For the 2011 earnings period, the recipients of the bonus are 57 persons in corporate management and other positions. The handover date for the shares is 24 April 2012. After handing over these shares, the company holds 23,277 of its own shares. The Share Ownership Plan includes three earning periods, calendar years 2011, 2012 and 2013. The Board of Directors of the Company will decide on the target group, the Plan's earnings criteria and on targets to be established for them at the beginning of each earning period. The shares paid on the basis of earning periods 2011, 2012 and 2013 may not be transferred during the restriction period, which will end two years from the end of the earning period. Should a target group person's employment or service end during the restriction period, he or she must gratuitously return the shares given as reward to the Company. The members of the Management Team must hold a half of the shares received on the basis of the incentive plan as long as the value of his or her shareholding in total corresponds to the value of his or her gross annual salary. Such number of shares must be held as long as his or her employment or service in a Group company continues. Further information: * Vesa Laisi, President and CEO, phone +358 (0)40 8371 510, vesa.laisi(at)vacon.com * Sebastian Linko, Director, Corporate Communications and Investor Relations, +358 (0)40 8371 634, sebastian.linko(at)vacon.com Vacon in brief: Vacon is driven by a passion to develop, manufacture and sell the best AC drives and inverters in the world - and to provide customers with efficient product life-cycle services. Our AC drives offer optimum process control and energy efficiency for electric motors. Vacon inverters play a key role when energy is produced from renewable sources. Vacon has production and R&D facilities in Europe, Asia and North America, and sales and service operations in nearly 90 countries. In 2011, Vacon's revenues amounted to EUR 380.9 million, and the company employed globally approximately 1,500 people. The shares of Vacon Plc (VAC1V) are quoted on the main list of the Helsinki stock exchange (NASDAQ OMX Helsinki). Driven by Drives, www.vacon.com Distribution: NASDAQ OMX Helsinki Financial Supervisory Authority Main media [HUG#1597676]
Assignment of Vacon's own shares - share bonus scheme 2011-2013
| Source: Vacon.