Caverion Oyj - Company Announcement

Caverion's Board of Directors approved a Performance share plan 2014−2016

Helsinki, 2014-05-26 13:00 CEST (GLOBE NEWSWIRE) -- 

CAVERION  CORPORATION          STOCK EXCHANGE RELEASE         MAY 26, 2014 AT
14:00 EEST 



Caverion's Board of Directors approved a Performance share plan 2014−2016


Caverion's Board of Directors has approved a long-term share-based incentive
plan 2014−2016 for the company's key senior executives. In total, the plan will
cover approximately 40 persons. 

The performance share plan will form a part of the incentive and commitment
programme for the executives of Caverion Group. The key aim is to align the
interests of the shareholders and the executives in order to promote
shareholder value creation and to support Caverion in becoming a leading
European provider of advanced and sustainable lifecycle solutions for buildings
and industries. In addition, the aim is to commit the key executives to the
company and its strategic targets and to offer them a competitive reward plan
based on the ownership of the company's shares. 

The plan consists of one three-year performance period in 2014−2016. It is
followed by a one-year vesting period, after which the potential rewards will
be paid in spring 2018. A person participating in the plan has the possibility
to earn a reward only if his/her employment continues until the payment of the
reward. After the shares have been allocated, they will be freely
transferrable. 

The potential reward is based on the targets set for Group revenue and EBITDA
margin until the end of 2016. The reward is to be paid in Caverion shares and
as cash payment, which is intended to cover the taxes and tax-related costs
arising from the reward. If all targets will be reached, the share award will
in total correspond to a maximum of 500,000 Caverion shares. Final allocations
will be decided during the summer 2014. Under all circumstances, the Board has
the right to amend terms and conditions of the plan in a reasonable manner. 



For additional information, please contact:

Milena Hæggström, Head of Investor Relations, tel. +358 40 5581 328,
milena.haeggstrom@caverion.fi 

Merja Eskola, Senior Vice President, Human Resources, tel. +358 40 744 0990,
merja.eskola@caverion.fi. 




CAVERION CORPORATION



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

Caverion designs, builds, operates and maintains user-friendly and
energy-efficient technical solutions for buildings and industries. Our services
are used in offices, retail properties, housing, public premises, industrial
plants and infrastructure, among other places. We aim to be a leading European
provider of advanced and sustainable life cycle solutions. Our strengths
include technological competence and comprehensive services, covering all
technical disciplines throughout the life cycle of the property and industrial
plant. Caverion was established through the demerger of Building Services and
Industrial Services businesses from YIT Group in June 2013. Our revenue for
2013 amounted to approximately EUR 2.5 billion. Caverion has nearly 18,000
employees in 13 countries in Northern and Central Europe. Caverion's shares are
listed on NASDAQ OMX Helsinki. www.caverion.com.