Raisio's share-based incentive plan for 2022–2024
Raisio plc, Stock Exchange Release 16 December 2021
The Board of Directors of Raisio plc has on 16 December 2021 approved a new share based incentive plan for the Group key employees. The performance period of the plan will begin on January 1, 2022 and will end on December 31, 2024. The potential reward for the performance period 2022–2024 is based on the total shareholder return (TSR) of Raisio free shares (series V).
Any rewards for the performance period 2022–2024 will be paid partly as free shares and partly in cash in 2025. The cash proportion is intended to cover taxes and tax-related costs arising from the rewards to the key employees. No reward will principally be paid, if a key employee’s employment or service at the Company ends before reward payment.
The plan is directed to approximately 25 persons. The reward to be paid on the basis of the performance period 2022–2024 corresponds to a total maximum of 1,000,000 free shares, including the amount to be paid in cash.
The Board of Directors recommends that the key employees belonging to the target group will continue to hold a considerable portion of shares received on the basis of this plan until the value of their share ownership corresponds to six months gross salary.
The aim of the plan is to combine the objectives of the shareholders and the key employees in order to increase the value of the Company, to commit the key employees to the Company, and to offer them a competitive reward plan that is based on the increase of shareholder value and earning of Raisio shares. The Board of Directors of the Company will annually decide on the potential launch of a new performance period, the length of such a performance period and on the performance criteria and their targets for the performance period.
RAISIO PLC
Board of Directors
Further information:
Mika Saarinen, CFO, tel. +358 400 726 808, communications@raisio.com
RAISIO PLC
Raisio’s purpose is to make food which is good for Health, Heart and Earth. Our growth drivers and focus areas are Benecol® and plant stanol ester solutions, plant based foods, branded oat products for consumers and oat as raw material for industry. Our strong brands include for example, Benecol®, Beanit®, Elovena®, Sunnuntai®, Torino® and Benella®. In our products the focus is on well-being, health, good taste and responsibility. Raisio's values − courage, fairness and drive − guide us towards our targets. Raisio’s shares are listed on Nasdaq Helsinki Ltd. In 2020, the Group’s net sales totaled EUR 234 million and EBIT was EUR 28 million. Raisio employs about 400 people. www.raisio.com.