Digia to replace the current share-based bonus sch

Digia Plc
Stock exchange release
3 February 2017 at 8:00 am

Digia to replace the current share-based bonus scheme with a new long-term share-based incentive scheme

Digia Plc's Board of Directors has decided to establish a new long-term share-based incentive scheme. The Board shall confirm the target group of the long-term incentive scheme separately. In principle, the target group consists of the CEO and the management of the company. The scheme is designed to conjoin the goals of the company's owners and management in order to increase the value of the company and to commit the executive management to the company and its long-term objectives. 
This scheme shall replace the previously decided share bonus scheme intended to run until 2017.

The new long-term incentive scheme covers the calendar years 2017-2019. It offers the participants the opportunity to earn company shares if the targets set by the Board of Directors for three-year bonus period are reached.

The targets are based on the company's revenue and earnings per share (EPS). The EPS meter has three earning periods, the years 2017, 2018 and 2019, for which the Board sets targets at the beginning of each earning period. The earning period of the Revenue meter is 2017-2019, and the target revenue has been set at the 2019 target revenue level. During the bonus period, the CEO of the company and other members of the scheme have the right to a bonus the total value of which may not exceed the equivalent of 500,000 Digia Plc shares. If the requirements are met, the share-based bonus based on the new scheme is paid for both meters after the bonus period has ended in 2020. All bonuses under this scheme will be paid as a 50/50 combination of shares and cash. Primarily, the cash portion of the bonus will be used to cover taxes and other comparable costs arising from the scheme.

As a rule, the bonus is not paid if a member resigns or the member's employment or post is terminated prior to the date of payment of bonuses in accordance with the incentive scheme. Under certain conditions, the Board has the option to decide on possible bonuses already received and on bonuses for the current earnings period in accordance with the pro-rata principle.

Digia Plc
Board of Directors

For more information, please contact:
President and CEO Timo Levoranta, telephone +358 10 313 3000

Distribution:
NASDAQ Helsinki
Key media
www.digia.com

Digia is a profitably growing IT service company that helps its customers harness digital opportunities. As a visionary partner, Digia develops and innovates solutions that support business operations together with its customers. We adapt our expertise to their specific industries to help them develop digital services, manage operations and utilise information. We employ 850 experts in Finland and Sweden. We are expanding our international presence together with our customers. Digia's continuing operations had net sales of EUR 81 million in 2015. The company is listed on NASDAQ Helsinki (DIG1V).  www.digia.com