Raisio plc Stock Exchange Release 16 March 2017
RAISIO’S SHARE-BASED INCENTIVE PLAN FOR 2017 – 2019
The Board of Directors of Raisio plc has on March 16, 2017 approved a new share based incentive plan for the Group key employees. The performance period of the plan has begun on January 1, 2017 and will end on December 31, 2019. The potential reward for the performance period 2017 – 2019 is based on the total shareholder return (TSR) of Raisio free shares (series V).
Any rewards for the performance period 2017–2019 will be paid partly as free shares and partly in cash in 2020. The cash proportion is intended to cover taxes and tax-related costs arising from the rewards to the key employees. No reward will principally be paid, if a key employee’s employment or service at the Company ends before reward payment.
The Plan is directed to approximately 40 persons. The reward to be paid on the basis of the performance period 2017 – 2019 corresponds to a total maximum of 1,000,000 free shares, including the amount to be paid in cash.
The Board of Directors recommends that the key employees belonging to the target group will continue to hold a considerable portion of shares received on the basis of this plan until the value of their share ownership corresponds to six months gross salary.
The plan now approved for the performance period 2017 – 2019 is the fifth under the long term incentive scheme approved by the Board of Directors in February 2013. The first plan covered period 2013 – 2015 and the second plan period 2014 – 2016. The third plan covers period 2015 – 2017 and the fourth plan period 2016 - 2018. The aim of the plan is to combine the objectives of the shareholders and the key employees in order to increase the value of the Company, to commit the key employees to the Company, and to offer them a competitive reward plan that is based on the increase of shareholder value and earning of Raisio shares. The Board of Directors of the Company will annually decide on the potential launch of a new performance period, the length of such a performance period and on the performance criteria and their targets for the performance period.
RAISIO PLC
Heidi Hirvonen Communications and IR Manager Tel. +358 50 567 3060
Raisio plc
Raisio plc is an international specialist in plant-based nutrition. Raisio’s operations are divided into two divisions: Brands and Raisioagro. The Group’s key market areas are Finland, Great Britain, the Czech Republic, Russia and Poland. Markets for cholesterol lowering Benecol products are global. Raisio plc’s shares are listed on Nasdaq Helsinki Ltd. In 2016, the Group's net sales totalled EUR 436 million and comparable EBIT was EUR 50.7 million. The Group employs some 1,400 people. Raisio’s best-known brands are Benecol, Benemilk, Elovena, Fox’s and Poppets. Benemilk feeds for milk production and Benecol for cholesterol lowering are Raisio’s top innovations. For more information on Raisio go to www.raisio.com/en
Distribution Nasdaq Key media www.raisio.com
