Sponda - Company Announcement

Sponda’s Board of Directors changes one of the earning criteria of the key employees’ share-based incentive scheme

Sponda Plc             Stock Exchange Release 1 November 2013 at 8:40 a.m.



Sponda's Board of Directors changes one of the earning criteria of the key
employees' share-based incentive scheme 


On 1 February 2013, Sponda Plc announced the resolution of its Board of
Directors regarding the earning period and earning criteria of the key
employees' share-based incentive scheme for the calendar years 2013-2015. The
earning criteria for the earning period from 1 January 2013 to 31 December 2015
were the Group's average Return on Capital Employed (ROCE) during the financial
years 2013-2015, the Group's cumulative Operational Cash Earnings Per Share
(CEPS) during the financial years 2013-2015 and the Group's Equity Ratio at the
end of the period. The Board of Directors has today resolved that, instead of
the Equity Ratio criterion, the third criterion for the earning period in
question will be the sale of properties. The change is due to the strategy
published by Sponda on 3 September 2013, the implementation of which is
supported by the criterion related to the sale of properties. The company's
long-term Equity Ratio target is 40%. 

During the earning period 2013-2015, members of the Group's Executive Board, a
total of seven persons, are included in the scheme. The Board of Directors may
decide to include more key employees in the scheme. 

More information on the terms of the incentive scheme can be found in the
company's Stock Exchange Releases dated 20 March 2012 and 1 February 2013. 



Sponda Plc

Board of Directors



Further information: Kari Inkinen, President and CEO, tel. +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 3.3 billion and the
leasable area is around 1.4 million m².