Aktia plc: Outcome and payment of share based incentive scheme for the earning period 2011–2012
Stock Exchange Release
15.3.2013 at 11.30 am
Outcome and payment of share based incentive scheme for the earning period 2011–2012
Aktia plc introduced a new share based incentive scheme for key personnel in the Group in 2011. The first earning period of the share based incentive scheme 2011–2012 ended 31 December 2012. The outcome of the earnings criteria was 100%, and rewards for the period will be paid in full to key persons. The reward is paid in accordance with the terms of the share based incentive scheme and the decree issued by the Ministry of Finance on postponed compensation so that a part of the reward is paid in 2013 and the remaining reward in three instalments over a time of three years. A waiting period is imposed on each of the instalments.
The Board of Directors of Aktia plc has on 14 March 2013 decided to divest 56,528 Aktia series A shares for payment of the rewards according to the share based incentive scheme in 2013. The shares will be traded on the stock exchange on 20 March 2013 for consideration to the key persons.
For more information about the share based incentive scheme, see Aktia's Annual report 2012, page 12.
Nasdaq OMX Helsinki Ltd
Aktia Group provides a broad range of products within banking, insurance and real estate agency. Aktia operates mainly in coastal areas and inland growth areas. Aktia has about 300,000 customers who are served by nearly 1,000 employees at 60 branch offices and via Internet and telephone services. Aktia's shares are listed on the list of NASDAQ OMX Helsinki Ltd. For more information about Aktia, see www.aktia.fi