THE BOARD OF DIRECTORS OF SRV GROUP PLC RESOLVED ON AN INCENTIVE PLAN FOR KEY PERSONNEL
SRV GROUP PLC STOCK EXCHANGE RELEASE 12 FEBRUARY 2008
THE BOARD OF DIRECTORS OF SRV GROUP PLC RESOLVED ON AN INCENTIVE PLAN FOR KEY
PERSONNEL
The Board of Directors of SRV Group Plc has approved a new share-based incentive
plan for the 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 Group's profit before taxes.
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 60 people during the earning period 2008.
The rewards to be paid for the earning period 2008 correspond to the approximate
value of a maximum total of 450,000 SRV Group Plc shares (including also the
proportion to be paid in cash).
SRV GROUP PLC
Eero Heliövaara
President and CEO
FURTHER INFORMATION
Mr Eero Heliövaara, President and CEO, tel. No. +358 20 1455 202
DISTRIBUTION:
Helsinki Stock Exchange
Main Media
www.srv.fi