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2007-04-16 15:45:00 CEST 2007-04-16 15:45:00 CEST REGULATED INFORMATION Perlos - Company AnnouncementTHE BOARD OF DIRECTORS OF PERLOS CORPORATION RESOLVES ON AN INCENTIVE PLAN FOR KEY PERSONNELPERLOS CORPORATION STOCK EXCHANGE RELEASE APRIL 16, 2007 at 4.45 P.M. THE BOARD OF DIRECTORS OF PERLOS CORPORATION RESOLVES ON AN INCENTIVE PLAN FOR KEY PERSONNEL The Board of Directors of Perlos Corporation has today decided on a new share-based incentive plan for the Group key personnel. The plan includes three one-year earning periods (calendar years 2007, 2008 and 2009) and one three-year earning period (calendar years 2007—2009). The rewards will be paid as the Company's shares and in cash payment in 2008, 2009 and 2010. The proportion to be paid in cash will cover taxes and tax-related costs arising from the reward to the key personnel. It is prohibited to transfer the shares within two years from the end of each calendar year. The potential reward from the plan will be based on the dividend adjusted price of the Company's share and on the Group's Earnings before Interest, Taxes and Depreciation (EBITDA). The incentive plan is directed to approximately 10 key employees during the earning period 2007. The rewards to be paid on the basis of the plan will correspond to a maximum total of approximately 1,620,000 Perlos Corporation shares (including also the cash payment). PERLOS CORPORATION Matti Virtanen President and CEO For further information, please contact: - Mr Juha Torniainen, Chief Financial Officer, tel. +358 9 2500 7218 PERLOS IN BRIEF Perlos Corporation is a global design and manufacturing partner for the telecommunications and electronics industry. The service offering covers the whole product life cycle from product design to manufacturing, logistics and new product versions. The production facilities are located in Asia, Europe and North and Sounth Americs and the company is headquartered in Finland. in 2006, Perlos Corporation's net sales amounted to EUR 673,6 million and the company employed approximately DISTRIBUTION Helsinki Stock Exchange Media www.perlos.com |
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