Glaston Oyj Abp - Company Announcement

THE BOARD OF DIRECTORS OF GLASTON CORPORATION RESOLVED ON INCENTIVE PLAN FOR KEY EMPLOYEES

Helsinki, Finland, 2013-02-07 12:55 CET (GLOBE NEWSWIRE) -- Glaston Corporation
    Stock Exchange Release     7 February 2013 at 13.55 

THE BOARD OF DIRECTORS OF GLASTON CORPORATION RESOLVED ON INCENTIVE PLAN FOR
KEY EMPLOYEES 

The Board of Directors of Glaston Corporation has approved a new share based
incentive plan for the Group key employees. 

The aim of the new 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 based
on long-term shareholding in the Company. 

The new Plan includes one performance period, beginning on 15 March 2013 and
ending on 15 March 2014. The Company is currently planning a share issue
directed to the public. The prerequisite for participation in the Plan and for
reward payment on the basis of the performance period is that a key employee
subscribes the Company's shares in this share issue. Rewards from the Plan will
be paid in the Company's shares in April 2014 providing that the key employee's
employment or service with the Group company is in force and that he or she
still owns the shares subscribed in the share issue. If the prerequisites for
the reward payment are fulfilled, a key employee shall receive one matching
share (gross) for every three shares subscribed in the share issue. The main
principle is that no reward will be paid, if the key employee's employment or
service ends before reward payment. 

The Plan is directed to approximately 28 people.

For further information, please contact:
Arto Metsänen, CEO and President, Glaston Corporation, Tel. +358 10 500 500





GLASTON CORPORATION
Agneta Selroos
Director, Communications and Marketing

Glaston Corporation
Glaston is a global company developing glass processing technology for
architectural, solar, appliance and automotive applications. Our portfolio
ranges from pre-processing and safety glass machines to services. We are
dedicated to our customers' continued success and provide services for all
glass processing needs with a lifecycle-long commitment in mind. For more
information, please visit www.glaston.net. Glaston's share (GLA1V) is listed on
the NASDAQ OMX Helsinki Small Cap List. 

Distribution:
NASDAQ OMX Helsinki Ltd, Key Media, www.glaston.net