Elisa’s Board of Directors resolved on new performance period for the key personnel incentive plan
ELISA STOCK EXCHANGE RELEASE 13 DECEMBER 2018 AT 8:00 AM
Elisa has a share-based incentive plan for the key personnel, which includes three three-year performance periods, calendar years 2018–2020, 2019–2021 and 2020–2022.
Elisa’s Board of Directors has decided that the rewards to be paid on the basis of the performance period 2019–2021 correspond to the value of an approximate maximum total of 536,000 Elisa shares (including also the proportion to be paid in cash). The potential reward on the basis of the performance period 2019–2021 will be paid partly in shares and partly in cash in 2022. The Performance Share Plan is directed to a maximum of 200 people. The potential reward of the Plan from the performance period 2019–2021 will be based on earnings per share (EPS), on the new business revenue and on other essential goals.
The CEO of the Company and a member of the Corporate Executive Board must hold a minimum of 50 per cent of the net shares given on the basis of the plan, until the CEO’s shareholding in the Company in total corresponds to the value of his annual salary and, respectively, the member’s shareholding in the Company in total corresponds to the value of half of his or her annual salary.
Elisa has issued a stock exchange release for the share incentive plan on 15 December 2017.
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