Raisio plc Stock Exchange Release 12 February 2013
RAISIO LAUNCHES AN INCENTIVE PLAN FOR ITS KEY EMPLOYEES THAT AIMS TO INCREASE SHARE OWNERSHIP
The Board of Directors of Raisio plc has approved a new share based incentive plan for the Group key employees. The aim of the new Plan is to combine the objectives of the shareholders and the key employees in order to increase the value of the Company, to commit the key employees to the Company, and to offer them a competitive reward plan that is based on the increase of shareholder value and earning of Raisio shares.
The performance period of the new plan began on January 1, 2013 and will end on December 31, 2015. The Board of Directors of the Company will annually decide on the potential launch of a new performance period, the length of such a performance period and on the performance criteria and their targets for the performance period. The potential reward for the performance period 2013–2015 is based on the total shareholder return (TSR) of the Raisio free shares (series-V).
Any rewards for the performance period 2013–2015 will be paid partly as free shares and partly in cash in 2016. The cash proportion is intended to cover taxes and tax-related costs arising from the rewards to the key employees. No reward will principally be paid, if a key employee’s employment or service at the Company ends before reward payment.
The Board of Directors recommends that the key employees belonging to the target Group will continue to hold a considerable portion of shares received on the basis of this Plan until the value of their share ownership corresponds to six months gross salary.
The Plan is directed to approximately 30 persons. The reward to be paid on the basis of the performance period 2013–2015 corresponds to a total maximum of approximately 1,000,000 free shares, including the amount to be paid in cash.
RAISIO PLC
Heidi Hirvonen
Communications and IR Manager
Tel. +358 50 567 3060
Further information:
Simo Palokangas, Chairman of the Board
Call requests to Mr. Palokangas will be forwarded by Teija Silomäki, tel. +358 44 782 1272
Distribution
NASDAQ OMX
Key media
www.raisio.com