Cramo Oyj - Company Announcement

Cramo Plc's Board resolved on key employees’ incentive plan

Vantaa, Finland, 2015-02-10 13:30 CET (GLOBE NEWSWIRE) -- Cramo Plc Stock
Exchange Release 10 February 2015, at 2.30 pm (EET) 

Cramo Plc's Board resolved on key employees' incentive plan

The Board of Directors of Cramo Plc has resolved on a new share-based incentive
plan for the Cramo Group Management Team members and its key employees. The aim
of the new plan is to continue aligning the objectives of the shareholders and
the key employees in order to increase the value of Cramo in the long term, to
bind the key employees to the Company, and to offer them a competitive reward
plan based on earning and accumulation of Cramo shares. 

The new Performance Share Plan (the Plan) offers the participants an
opportunity to earn Cramo shares as a reward for achieving established
performance targets during three discretionary periods, calendar years 2015,
2016 and 2017. Each discretionary period will immediately be followed by a two
year vesting period, after which any earned reward will be paid out to
participants. 

The Board of Directors of the Company will resolve on the Plan's performance
criteria and on the required performance levels at the beginning of each
discretionary period. The potential reward from the Plan for the discretionary
period 2015 will be based on the Cramo Group´s key figure Earnings per Share
(EPS) and the potential reward will be paid partly in the Company's shares and
partly in cash in the spring 2018. The cash proportion will cover taxes and
tax-related costs arising from the reward to a key employee. As a rule, no
reward will be paid, if a key employee's employment or service ends before the
reward payment. 

Each member of the Group Management Team must hold a half of shares paid on the
basis of the Plan until the value of his or her shareholding in the Company in
total corresponds to the value of his or her annual gross salary. Such number
of shares must be held as long as his or her employment or service in a Group
company continues. 

The target group of the Plan consists of approximately 65 Cramo key employees.
Should the performance targets be attained in full for all three discretionary
periods (2015, 2016 and 2017), the earned reward will correspond to a maximum
total of 1,000,000 Cramo Plc shares, including the proportion to be paid in
cash. 

CRAMO PLC

Vesa Koivula
President and CEO



Further information:

Vesa Koivula, President and CEO, tel: +358 40 510 5710



Distribution:
NASDAQ OMX Helsinki Ltd.
Main media
www.cramo.com



Cramo is Europe's second largest rental services company specialising in
construction machinery and equipment rental and rental-related services as well
as the rental of modular space. Cramo operates in fifteen countries with 330
depots. With a group staff around 2.500, Cramo's consolidated sales in 2014 was
EUR 652 million. Cramo shares are listed on the NASDAQ OMX Helsinki Ltd.