PKC Group Oyj - Company Announcement

The Board of Directors of PKC Group Plc resolved on share-based incentive plans

PKC Group Plc   Company Announcement       10 February 2016   4.30 pm



The Board of Directors of PKC Group Plc resolved on share-based incentive plans



The Board of Directors of PKC Group Plc has approved two new share-based
incentive plans for the Group key personnel, a Performance Share Plan 2016 and
a Restricted Share Plan 2016. (Similar plans as the plans launched in 2015).
The aim of the plans is to combine the objectives of the shareholders and the
key personnel in order to increase the value of the Company in the long-term,
to bind the participants to the Company, and to offer them competitive reward
plans based on earning and accumulating the Company´s shares. 



The potential rewards from these incentive plans, on the basis of the
performance period and vesting periods commencing in January 2016, will be paid
partly in the Company's shares and partly in cash in 2019. The cash proportion
is intended to cover taxes and tax-related costs arising from the reward to the
participant. As a rule, no reward will be paid, if a participant´s employment
or service ends before the reward payment. 



Performance Share Plan 2016



The vesting and performance period of the Performance Share Plan 2016 is
calendar years 2016-2018, during which the plan is directed to approximately 60
participants, including the members of the Executive Board. The rewards to be
paid on the basis of the performance period 2016-2018 correspond to the value
of an approximate maximum total of 430,000 PKC Group Plc shares (including also
the cash proportion). [2015 plan for period 2015-2017 was directed to
approximately 40 participants, including the members of the Executive Board and
the rewards to be paid correspond to the value of an approximate maximum total
of 310,000 PKC Group Plc shares (including also the cash proportion).] 



The potential reward from the performance period 2016-2018 will be based on the
PKC Group's and/or on the participant's employer company's 3-year cumulative
Revenue and 3-year cumulative Earnings before Interest, Taxes, Depreciation and
Amortization (EBITDA), with heavier weight on the EBITDA. Attainment of the
required performance level will determine the proportion out of the maximum
reward that will be paid to a participant. 



A member of the Executive Board must hold 50 per cent of the net number of
shares given on the basis of the Performance Share Plan, as long as his or her
shareholding in total corresponds to the value of his or her annual gross
salary. Such number of Shares must be held as long as the member's employment
or service in the PKC Group continues. 



Restricted Share Plan 2016



The vesting period of the Restricted Share Plan 2016 is calendar years
2016-2018, during which the plan is directed to approximately 20 selected key
persons. The rewards allocated in 2016-2018 on the basis of the Restricted
Share Plan 2015 correspond to the value of an approximate maximum total of
60,000 PKC Group Plc shares (including also the cash proportion). [2015 plan
for period 2015-2017 was directed to approximately 20 selected key persons. The
rewards allocated in 2015-2017 correspond to the value of an approximate
maximum total of 120,000 PKC Group Plc shares (including also the cash
proportion).] 



PKC Group Plc



Board of Directors





For more information, please contact:

Matti Ruotsala, Chairman of the Board of Directors, PKC Group Plc, contact
Sinikka Ravander, Tel. +358 40 1209 277, sinikka.ravander@pkcgroup.com 





Distribution



Nasdaq Helsinki

Main media

www.pkcgroup.com





PKC Group is a global partner, designing, manufacturing and integrating
electrical distribution systems, electronics and related architecture
components for the commercial vehicle industry, rolling stock manufacturers and
other selected segments. The Group has production facilities in Brazil, China,
Estonia, Finland, Germany, Lithuania, Mexico, Poland, Russia, Serbia and the
USA. The Group's revenue in 2014 totalled EUR 829.5 million. PKC Group Plc is
listed on Nasdaq Helsinki.