THE BOARD OF DIRECTORS OF ETTEPLAN OYJ RESOLVED ON AN INCENTIVE PLAN FOR KEY PERSONNEL
THE BOARD OF DIRECTORS OF ETTEPLAN OYJ RESOLVED ON AN INCENTIVE PLAN FOR KEY
PERSONNEL
The Board of Directors of Etteplan Oyj has in its meeting on March 10, 2008
approved a new share-based incentive plan for the Etteplan Group key personnel.
The Plan includes three earning periods which are calendar years 2008, 2009 and
2010. The potential reward from the Plan for the earning period 2008 will be
based on the development of the Etteplan Group's turnover and operating profit.
The potential reward from the earning period 2008 will be paid partly as the
Company's shares and partly in cash in 2009. The proportion to be paid in cash
will cover taxes and tax-related costs arising from the reward. It is prohibited
to transfer the shares during the two year restriction period. If a key person's
employment or service ends during the restriction period, he/she must return the
shares given as reward to the Company without compensation.
The Plan is directed to approximately 40 people. The rewards to be paid on the
basis of the Plan correspond approximately to the value of a maximum total of
720,000 Etteplan Oyj shares (including also the proportion to be paid in cash).
Etteplan Oyj is in industrial technology and technical information expert
services specialized international company. The company enjoyed a turnover of
125.2 million euros in 2007, and it employs at the moment more than 2,000
people.
Hollola; March 10, 2008
Etteplan Oyj
Board of Directors
More information is available from
Matti Hyytiäinen, President and CEO of Etteplan Oyj (tel. +358 400 710 968).
DISTRIBUTION:
OMX Nordic Exchange Helsinki
Principle media
www.etteplan.com
