Raisio plc Stock Exchange Release 15 March 2018
RAISIO’S SHARE-BASED INCENTIVE PLAN FOR 2018 - 2020
The Board of Directors of Raisio plc has on 15 March 2018 approved a new share based incentive plan for the Group key employees. The performance period of the plan has begun on January 1, 2018 and will end on December 31, 2020. The potential reward for the performance period 2018 - 2020 is based on the total shareholder return (TSR) of Raisio free shares (series V).
Any rewards for the performance period 2018 – 2020 will be paid partly as free shares and partly in cash in 2021. 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 30 persons. The reward to be paid on the basis of the performance period 2018 - 2020 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 2018 - 2020 is the sixth under the long term incentive scheme approved by the Board of Directors in February 2013. 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 is an international food and feed company focusing on wellbeing and profitable growth. The core of Raisio’s strategy consists of plant-based, healthy and responsible branded products. Benecol is an international success story in cholesterol lowering. Our well-known local brands include Elovena, Nordic, cattle feed Maituri and Baltic Blend fish feeds. We promote sustainable food chain and develop innovations to enhance wellbeing. Raisio plc’s shares are listed on Nasdaq Helsinki Ltd. In 2017, the Group's net sales from continuing operations totalled EUR 306.8 million and comparable EBIT was EUR 37.8 million. The Group employs some 400 people. For more information on Raisio go to www.raisio.com/en
Distribution
Nasdaq
Key media
www.raisio.com