Aspocomp Group - Company Announcement

THE BOARD OF DIRECTORS OF ASPOCOMP GROUP PLC RESOLVED ON SHARE REWARD PLANS FOR KEY PERSONNEL

Espoo, Finland, 2012-06-05 08:00 CEST (GLOBE NEWSWIRE) -- 
Aspocomp Group Plc, Company Announcement 5 June 2012 at 9:00 a.m.

The board of directors of Aspocomp Group Plc has resolved upon new share-based
incentive and commitment plans for the company's key personnel. The aim of the
reward plans is to combine the goals of the owners and the key personnel for
increasing the value of the company on a permanent basis, to commit the key
personnel to the company on a long-term basis and to offer the key personnel a
competitive reward plan based on entrepreneurship. 

1. Share reward plan for key personnel

The first share reward plan offers the CEO, the members of the management team
and other key employees a possibility to receive the company's shares based on
achieved targets to be set by the board of directors for four earning periods
being each 12 month financial year during the period 1/2012 through 12/2015. 

The preliminary target group for the plan consists of approximately 20 persons.
The board of directors may decide on including new key employees and their
annual maximum rewards. The maximum reward is expressed as a number of shares.
In addition, the reward consists of a cash payment, the amount of which is
determined on the basis of the value of the share reward at the time of
payment. The cash payment aims at covering taxes and similar charges arising
from the reward. Achievement of targets set for the earning periods determines
the portion of the maximum reward to be paid to a person. 

The approximately 20 persons that are preliminarily included in the plan may,
based on achieved targets, annually be rewarded with a maximum of 65,000 shares
of Aspocomp Group Plc, corresponding to approximately 1.0 percent of the
current total amount of outstanding shares. Out of such amount, a maximum of
10,000 shares may annually be granted to the company's CEO and a maximum of
5,000 to each of the members of the management team. Should the board of
directors decide to include new persons in the plan, the annual maximum amount
of shares to be granted will increase. 

Shares received on the basis of the share reward plan shall be held at least 36
months calculated from their entry on the book-entry account of the recipient.
Should a target person's employment or service relationship with a group
company end during such commitment period, he or she is, according to the main
rule, required to return the shares to the company without compensation. 

2. Share ownership plan for the CEO and members of the management team

The second share reward plan offers the CEO and members of the management team
a possibility to receive the company's shares on the condition that they
simultaneously themselves acquire shares of the company. The share reward is
non-recurring. 

Receipt of the share reward is conditional upon the person acquiring shares of
the company at the latest on 31 August 2012. The CEO may acquire a maximum of
24,000 and the management team members a maximum of 8,000 shares that entitle
to the share reward. Each such acquired share entitles the person to receive
two (2) shares of the company without compensation. The persons included in the
plan may thus, based on the plan, be rewarded with a maximum of 96,000 shares
of Aspocomp Group Plc., corresponding to approximately 1.5 percent of the
current total amount of outstanding shares. 

Shares received on the basis of the share ownership plan shall be held at least
36 months calculated from their entry on the book-entry account of the
recipient. Should the employment or service relationship of a person with a
group company end during such commitment period, he is, according to the main
rule, required to return the shares to the company without compensation. 


In Espoo, 5 June 2012

ASPOCOMP GROUP PLC

Sami Holopainen
CEO


For further information please contact Sami Holopainen, CEO, tel. +358 20 775
6860, sami.holopainen(at)aspocomp.com. 

www.aspocomp.com

Aspocomp: Flexibility of product design

Aspocomp Group Plc provides services for the design and manufacture of
high-tech PCBs. Aspocomp's products are used in electronics industry, among
others in telecommunications networks, handheld devices, automobiles and many
type of industrial applications.