INCENTIVE AND COMMITMENT SCHEME FOR PANOSTAJA OYJ’S SENIOR MANAGEMENT TEAM 2016-2018


Panostaja Oyj        Stock Exchange Bulletin, December 11, 2015, 11:00

Panostaja Oyj’s (Panostaja) board has on December 10, 2015 decided to extend the long-term share-based incentive and commitment scheme for the purpose of rewarding the members of Panostaja’s Senior Management Team (Miikka Laine, Juha Sarsama, Minna Telanne and Tapio Tommila) during the years 2016–2018. The system combines the long-term interests of the Panostaja shareholders and Senior Management Team while strengthening the management team members’ commitment to the company and enabling them to have significant entrepreneurial ownership of Panostaja. 

As a requisite for participating in the system, a requirement has been placed on the target group with regard to the number of Panostaja shares they must own. If the annual goals are met, the target group has the opportunity to be rewarded with more Panostaja shares. Based on the achievement of the goals set for the financial period 11/2015–10/2016, a maximum number of 68,400 Panostaja shares in total can be granted to the target group as bonuses. A potential bonus may also be paid in cash to cover the taxes and tax-like payments arising from the bonus. Members of the Senior Management Team are obliged not to sell shares received as a bonus during a period of 27 months after receiving them.

 

Panostaja Oyj

Juha Sarsama

CEO

 

Further information:

CEO Juha Sarsama +358 40 774 2099

CFO Tapio Tommila +358 40 527 6311

 

Panostaja is an investment company developing Finnish SMEs in the role of an active majority shareholder. The company aims to be the most sought-after partner for business owners selling their companies as well as for the best managers and investors. Together with its partners, Panostaja increases the Group's shareholder value and creates Finnish success stories. Panostaja operates in eight business segments, and Panostaja Group employs some 1,200 staff. Panostaja’s shares (PNA1V) are quoted on the Nasdaq Helsinki Stock Exchange. In the 2015 financial period, the Group’s official net sales totaled MEUR 148.2.
www.panostaja.fi