Cramo Plc’s Board resolved to continue One Cramo Share Plan


Vantaa, Finland, 2015-06-24 14:15 CEST (GLOBE NEWSWIRE) -- Cramo Plc   Stock Exchange Release 24 June 2015 at 3.15 pm (EET)

Cramo Plc’s Board resolved to continue One Cramo Share Plan

The Board of Directors of Cramo Plc has resolved to continue the One Cramo Share Plan established in 2012 by launching of a new plan period 2015-2016. The details of the new plan period will follow the previous years’ particulars.

A total of 654 Cramo employees have become shareholders in Cramo through the One Cramo Share Plan since its initiation.

The new plan period will begin on 1 October 2015 and end on 30 September 2016. The maximum savings amount per participant during one month is 5% of gross salary and the minimum is 2%. Each participant will receive one free matching share for every two acquired savings shares. Matching shares will be delivered to a participant if the participant holds the acquired shares from the plan period until the end of the designated holding period, 15 May 2019, and if his or her employment has not ended before this date on bad leaver terms. The total amount of all savings during the commencing plan period may not exceed four million euros.

An employee will participate in the plan for one year at a time. Shares will be acquired with the accrued savings at the market price quarterly, after the publication dates of the Cramo interim results, commencing in February 2016. Any dividends paid on purchased shares within the plan during the commencing plan period will automatically be reinvested into additional shares on the following purchase date. These shares will have an equal right to matching shares.

CRAMO PLC

Vesa Koivula
President and CEO

 

Further information:
Vesa Koivula, President and CEO, tel: +358 40 510 5710

 

Distribution:
NASDAQ OMX Helsinki Ltd.
Major media
www.cramo.com

 

Cramo is Europe’s second largest rental services company specialising in construction machinery and equipment rental and rental-related services as well as the rental of modular space. Cramo operates in fifteen countries with 330 depots. With a group staff around 2,500, Cramo's consolidated sales in 2014 was EUR 652 million. Cramo shares are listed on the NASDAQ OMX Helsinki Ltd. Further information: www.cramo.com