RAISIO'S SHARE-BASED INCENTIVE SCHEME 2009
Raisio plc, Stock exchange release 19 December 2008 at 10.15 am Finnish time
RAISIO'S SHARE-BASED INCENTIVE SCHEME 2009
Raisio plc's Board of Directors decided on May 2008 to set up a three-year
share-based incentive scheme as a part of the incentive and reward system
offered to Raisio's key personnel. The goal is to integrate the targets of
shareholders and key employees in order to increase the company's market
capitalization, to enhance the key employees' commitment to the company and to
offer them a competitive reward system based on share ownership.
The scheme gives authorisation during three years to distribute a maximum of
1,600,000 of Raisio plc's free shares already in the company's possession after
the share repurchases carried out in 2005-2007. Rewards are paid as a
combination of shares and cash. Cash payments are to cover the taxes and fiscal
fees arising from share-based rewards.
Raisio plc's Board of Directors has on 19 December 2008 decided on share-based
incentive system for second earnings period which is the financial year 2009.
Earnings criteria to be applied are return on capital employed and profit before
one-off items and taxes. The maximum number of shares to be distributed is
600,000 free shares. The amount earned in rewards will be determined on the
basis of the achievement of targets after the financial statements have been
prepared in the spring of 2010. Any rewards will be paid to those covered by the
scheme in August 2010. Shares distributed as part of the scheme are subject to a
disposal restriction and return obligation, which last until 31 December 2011
and will be applied if the employee's employment or job contract end prior to
the expiration of the disposal restriction. The scheme covers 55 people in the
second earnings period.
RAISIO PLC
Heidi Hirvonen
Communications Manager
tel. +358 50 567 3060
Further information:
Call requests to Mr Simo Palokangas, Chairman of the Board, will be forwarded by
Heidi Hirvonen.
Distribution
NASDAQ OMX
Key media
www.raisio.com