Seinäjoki, Finland, 2014-11-27 14:30 CET (GLOBE NEWSWIRE) -- Atria Plc Company Announcement 27 November 2014, 3:30pm
Atria Plc's long-term incentive plan
Atria Plc's Board of Directors has decided upon a long-term incentive plan for the Group's personnel covering the period 2015–2017. The earnings periods will begin on 1 January 2015, 1 January 2016 and 1 January 2017, and will end on 31 December of the aforementioned years. The amount of the reward earned in each earnings period will be determined on the basis of targets, with an assessment by the end of May following each earning period.
The plan offers an opportunity to earn cash rewards for reaching targets established for the relevant earning period. All payments under the plan for the period 2015–2017 are based on the Group's earnings per share (EPS) excluding extraordinary items. Cash rewards payable under the plan can total a maximum of EUR 4.5 million for the whole period 2015–2017. A maximum of 45 employees from Atria Group will belong to the long-term incentive plan.
For further information, contact the Chairman of the Board, Seppo Paavola (Tel: +358 500 161100)
ATRIA PLC
Seppo Paavola
Chairman of the Board
DISTRIBUTION
Nasdaq OMX Helsinki Oy
Key media
www.atriagroup.com