Sponda - Company Announcement

The Board of Directors of Sponda Plc resolved on the earning period and earning criteria of key employees’ incentive scheme

Sponda Plc        Stock Exchange Release     4 February 2016 at 08:33 a.m.

The Board of Directors of Sponda Plc resolved on the earning period and earning
criteria of key employees’ incentive scheme 

The Board of Directors of Sponda Plc has resolved on the earning period and
earning criteria of key employees’ incentive scheme for calendar years
2016-2018. The earning criteria for the earning period 1 January 2016 — 31
December 2018 are the Group´s average Return on Capital Employed (ROCE, %)
during financial years 2016—2018, the Group’s cumulative Operational Cash
Earnings per Share (CEPS) during financial years 2016—2018 and the Group’s sale
of properties. In addition, the Board of Directors assesses the Group’s success
in relation to the prevailing market conditions. 

The possible remuneration shall be paid partly in the Company’s shares and
partly in cash. The proportion to be paid in cash is intended to cover taxes
and tax-related costs incurred from the remuneration to a key employee.
Possible remuneration for the earning period 2016-2018 shall be paid in spring
2019. 

During the earning period 2016—2018, members of the Group’s Executive Board, a
total of six persons, are included in the scheme. The Board of Directors may
decide to include more key employees in the scheme. The remuneration to be paid
on the basis of the earning period 2016—2018 correspond to a maximum total of
350,000 Sponda Plc shares (including also the proportion to be paid in cash). 

More information on the terms of the incentive scheme can be found from the
Stock Exchange Release dated 5 February 2015. 



Helsinki 4 February 2016



Sponda Plc



Kari Inkinen
President and CEO



Further Information: Kari Inkinen, President and CEO, Tel. No. +358 400 402 653



Distribution:
NASDAQ OMX Helsinki Ltd
Main Media
www.sponda.fi



Sponda Plc is a property investment company specializing in commercial
properties in the largest cities in Finland. Sponda's business concept is to
own, lease and develop retail and office properties and shopping centres into
environments that promote the business success of its clients. The fair value
of Sponda's investment properties is approximately EUR 3.1 billion and the
leasable area is around 1.1 million m².