YIT - Company Announcement

YIT’s share-based long-term incentive scheme gets continuation

Helsinki, 2014-03-18 12:31 CET (GLOBE NEWSWIRE) -- YIT CORPORATION           
STOCK EXCHANGE RELEASE                       MARCH 18, 2014 AT 1:31 P.M. 



YIT'S SHARE-BASED LONG-TERM INCENTIVE SCHEME GETS CONTINUATION





The Board of Directors of YIT Corporation decided on March 18, 2014, to launch
a new share-based incentive scheme for key persons, comprising three earnings
periods. 



The earnings periods of the incentive scheme are the years 2014, 2015 and 2016.
Any bonus will be determined on the basis of the indicators decided annually by
the Board of Directors of YIT Corporation for each earnings period and their
target levels. Return on investment is the key indicator in the scheme. Besides
this, a target related to the Group's cash flow has been set for 2014. The
Board of Directors of YIT Corporation also decides on the approximately 200 key
persons from different YIT countries to be included in the incentive scheme for
each earnings period. The same key employees are not automatically covered by
the scheme during all earnings periods. 



A maximum of approximately 650,000 shares can be distributed each year, of
which a maximum of 25,000 to the President and CEO of the company. The shares
to be granted are already held by YIT as a rule. There is a two-year
“commitment period” associated with each earnings period, after which the
shares are transferred to key persons still employed by the company. Shares
will be handed over in 2017, 2018 and 2019. The employer will cover the taxes
and tax-like fees charged to the key employees covered by the scheme in
connection with handover of the shares. Under all circumstances, the Board has
the right to amend the bonuses in a reasonable manner. 



“The aim is to commit and motivate the personnel to implement YIT's strategy
and increase the company's value. The incentive scheme is a component of
overall remuneration, which also supports the development of balanced values
and leadership”, says Pii Raulo, Senior Vice President, Human Resources at YIT. 





For further information, please contact:



Pii Raulo, Senior Vice President, Human Resources, YIT Corporation, +358 40 572
3568, pii.raulo@yit.fi 

Sanna Kaje, Vice President, Investor Relations, YIT Corporation, +358 50 390
6750, sanna.kaje@yit.fi 





YIT CORPORATION



Sanna Kaje

Vice President, Investor Relations





Distribution: NASDAQ OMX, principal media, www.yitgroup.com



YIT leads the way in the construction sector by creating more attractive and
sustainable urban environments in Finland, Russia, the Baltic countries, the
Czech Republic and Slovakia. YIT builds housing, business premises and
infrastructure, develops entire areas, and offers YIT is a construction
industry leader.We create better living environments in Finland, Russia, the
Baltic countries, the Czech Republic and Slovakia.Over 100 years of experience
have secured for us a strong market position: We are the largest housing
developer and one of the largest business premises and infrastructure
developers in Finland, and the most significant foreign housing and area
developer in Russia. Our vision is to stay one step ahead - while caring for
our customers, partners and personnel.We have more than 6,000 employees in
seven countries.In 2012, our revenue amounted to approximately EUR 2
billion.Our share is listed on Nasdaq OMX Helsinki. www.yitgroup.com.