Sponda's Board of Directors has decided on the ves

Sponda Plc                                           Stock Exchange Release           3 February 2017 at 8:34 a.m.    Sponda's Board of Directors has decided on the vesting period and targets of the incentive scheme for key personnel

The Board of Directors of Sponda Plc has decided on the vesting period and targets of the share-based incentive scheme for the Group's key personnel for the calendar years 2017-2019. The earning criteria for the 1 January 2017-31 December 2019 vesting period are the Group's average Return on Capital Employed (ROCE) in the financial periods 2017-2019, the Group's cumulative Operational Cash Earnings Per Share (CEPS) for the financial periods 2017-2019 and the growth of the property portfolio. In addition, the Board of Directors will assess the Group's success in relation to the prevailing market conditions.

The potential remuneration will be paid partly in the company's shares and partly in cash. The cash component is intended to cover the taxes and tax-like charges incurred by the key personnel from the remuneration. The possible remuneration for the vesting period 2017-2019 will be paid in spring 2020. 

During the earning period 2017-2019 the scheme covers the members of the Group's Executive Board, seven persons in total. The Board of Directors can decide on including new key personnel in the scheme. The remunerations payable based on the vesting period 2017-2019 correspond, at a maximum, to the value of 331,534 shares in Sponda Plc (including the cash component to be paid).

The company is adjusting the maximum share amounts for the current vesting periods due to changes in the composition of the Executive Board. The remunerations payable based on the vesting period 2015-2017 correspond, at a maximum, to the value of approximately 319,175 shares (announcement on 5 February 2015: 400,000) in Sponda Plc and the remunerations payable based on the vesting period 2016-2018 correspond, at a maximum, to the value of approximately 376,853 shares (announcement on 4 February 2016: 350,000) in Sponda Plc.

More information on the terms of the incentive scheme can be found in the company's Stock Exchange Releases dated 5 February 2015 and 4 February 2016.

For further information, please contact: Kari Inkinen, President and CEO, tel. +358 400 402 653

Sponda Plc

Kari Inkinen President and CEO

DISTRIBUTION NASDAQ OMX Helsinki Ltd Main media www.sponda.fi

Sponda Plc is a property investment company specialising in commercial properties in the largest cities in Finland. Sponda's business concept is to own, lease and develop retail and office properties and shopping centres into environments that promote the business success of its clients. The fair value of Sponda's investment properties is approximately EUR 3.8 billion and the leasable area is around 1.2 million m².