Raisio plc Stock Exchange Release 22 December 2014
RAISIO’S SHARE-BASED INCENTIVE PLAN FOR 2015 – 2017
The Board of Directors of Raisio plc has approved a new share based incentive plan for the Group key employees. The performance period of the plan begins on January 1, 2015 and will end on December 31, 2017. The potential reward for the performance period 2015 – 2017 is based on the total shareholder return (TSR) of Raisio free shares (series V).
Any rewards for the performance period 2015–2017 will be paid partly as free shares and partly in cash in 2018. 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 Plan is directed to approximately 40 persons. The reward to be paid on the basis of the performance period 2015 – 2017 corresponds to a total maximum of 1,000,000 free shares, including the amount to be paid in cash.
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 now approved for the performance period 2015 – 2017 is the third under the long term incentive scheme approved by the Board of Directors in February 2013. The first plan covers the period 2013 - 2015 and the second plan period 2014 - 2016. The aim of the 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 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.
RAISIO PLC
Heidi Hirvonen
Communications and IR Manager
Tel. +358 50 567 3060
Further information:
Matti Perkonoja, Chairman of the Board
Call requests to Mr. Matti Perkonoja will be forwarded by Teija Silomäki, tel. +358 44 782 1272
Raisio Group briefly
Raisio plc is an international specialist in plant-based nutrition. Raisio’s operations are divided into two divisions: Brands and Raisioagro. The Group’s key market areas are Finland, Great Britain, the Czech Republic, Russia, Ukraine, Poland, Estonia and Sweden. Raisio plc’s shares are listed on NASDAQ OMX Helsinki Ltd. In 2013, the Group's net sales totalled EUR 558 million and EBIT was EUR 39 million. The Group employs some 1,900 people. Raisio’s best-known brands are Benecol, Honey Monster, Elovena, Fox’s, Dormen, Juicee Gummee, Poppets and Benemilk.
Distribution
NASDAQ OMX
Key media
www.raisio.com