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2010-02-04 15:45:00 CET 2010-02-04 15:46:18 CET REGULATED INFORMATION Amer Sports - Company AnnouncementThe Board of Directors of Amer Sports Corporation resolved on share-based incentive plans for key personnelAmer Sports Corporation STOCK EXCHANGE RELEASE February 4, 2010 at 4:45 pm The Board of Directors of Amer Sports Corporation has approved two new share-based incentive plans for the Group key personnel. The aim of the new plans is to combine the objectives of the shareholders and the key personnel in order to increase the value of the Company, to commit the key personnel to the Company, and to offer them competitive reward plans based on holding the Company shares. Performance Share Plan The new Performance Share Plan includes six earning periods, calendar years 2010, 2011 and 2012 and calendar years 2010-2012, 2011-2013 and 2012-2014. The Board of Directors of the Company will decide on the earnings criteria and on targets to be established for them for each earning period at the beginning of each earning period. The potential reward from the Plan for the earning period 2010 will be based on the Group's Earnings before Interest and Taxes (EBIT) and the potential reward for the earning period 2010-2012 will be based on the Group's Total Shareholder Return (TSR). Key Personnel must acquire the Company shares as a prerequisite for participation in the plan and for receipt of the reward on the basis of the plan. Key personnel will be entitled to receive shares as reward for fulfilling such prerequisite. The potential rewards from the earning periods will be paid partly as the Company's shares and partly in cash. The cash payment equals to taxes andtax-related costs arising from the reward to the key person. The shares paid from the earning periods 2010, 2011 and 2012 may not be transferred during the restriction periods, which will end on 31 December 2012, on 31 December 2013 and on 31 December 2014. The Performance Share Plan is directed to approximately 60 people, including the members of the Group Executive Board. The amount of net rewards to be paid on the basis of the Performance Share Plan will be a maximum total of 1.000.000 Amer Sports Corporation shares. Restricted Stock Plan The new Restricted Stock Plan includes three earning periods, calendar years 2010, 2011 and 2012. The potential reward will be based on continuation of employment. The potential reward from the earning periods will be paid partly as the Company's shares and partly in cash. The cash payment equals to taxes and tax-related costs arising from the reward to the key person. The shares may not be transferred during the restriction periods, which will end on 31 December 2012, 31 December 2013 and on 31 December 2014. The Restricted Stock Plan is directed to approximately 30 people, including the members of the Group Executive Board. The amount of net rewards to be paid on the basis of the Restricted Stock Plan will be a maximum total of 270,000 Amer Sports Corporation shares. AMER SPORTS CORPORATION Communications Ms Maarit Mikkonen Communications Manager Tel. +358 9 7257 8306, e-mail: maarit.mikkonen@amersports.com www.amersports.com DISTRIBUTION: NASDAQ OMX Helsinki Major media www.amersports.com AMER SPORTS CORPORATION Amer Sports (www.amersports.com <http://www.amersports.com/>) is one of the world's leading sports equipment companies with internationally recognized brands including Salomon, Wilson, Precor, Atomic, Suunto, Mavic and Arc'teryx. All Amer Sports companies develop and manufacture technically advanced products that improve the performance of active sports participants. The Group's business is balanced by its broad portfolio of sports and presence in all major markets. Amer Sports' shares have been listed on the Helsinki Stock Exchange since 1977. [HUG#1380844] |
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