Share-based incentive schemes for Raisio's British company
Raisio plc, Stock Exchange Release, 27 August 2010
SHARE-BASED INCENTIVE SCHEMES FOR RAISIO'S BRITISH COMPANY
The Board of Directors of Raisio plc has decided on two synthetic share-based
incentive and commitment schemes for the management of Raisio's British subgroup
Glisten and key employees. The purpose of the schemes is to combine the
objectives of owners, management and key employees in order to increase the
company's capitalisation value, to commit the management and key employees to
the company and to offer them a competitive reward system based on the value of
a share.
On the basis of the first scheme, a cash reward corresponding to the value of
966,177 Raisio plc free shares will be paid by the end of May 2012. Value of a
free share will be determined by its trade volume weighted average quotation on
the NASDAQ OMX Helsinki Ltd in March 2012 subtracted by a dividend per share
payable decided by the Annual General Meeting of 2012.
A prerequisite for receipt of the reward is that each person now appointed to
the scheme will still be employed by Raisio Group on 8 April 2012. There are 36
people within the scheme.
On the basis of the second scheme, a cash reward corresponding to the value of
420,000 Raisio plc free shares will be paid. In case the subgroup Glisten's EBIT
for the term ending on 30 June 2011 exceeds the level defined in the scheme, a
reward equivalent to the value of 210,000 Raisio plc free shares will be paid by
the end of September 2011. Value of a free share will be determined by its trade
volume weighted average quotation on the NASDAQ OMX Helsinki Ltd in August 2011.
Furthermore, in case the subgroup Glisten's EBIT for the term ending on 30 June
2012 exceeds the level defined in the scheme, a reward equivalent to the value
of 210,000 Raisio plc free shares will be paid by the end of September 2012.
Value of a free share will be determined by its trade volume weighted average
quotation on the NASDAQ OMX Helsinki Ltd in August 2012.
CEO Paul Simmonds and Finance Director Rob Davies are within the second scheme.
RAISIO PLC
Heidi Hirvonen
Communications Manager
Tel. +358 50 567 3060
Further information:
Call requests to Simo Palokangas, Chairman of the Board, will be forwarded by
Heidi Hirvonen.
Distribution
NASDAQ OMX
Key media
www.raisio.com
