Ramirent - Company Announcement

THE BOARD OF DIRECTORS OF RAMIRENT PLC HAS RESOLVED ON A NEW SHARE-BASED INCENTIVE PROGRAM FOR THE COMPANY EXECUTIVES AND A DIRECTED SHARE CONVEYANCE FOR THE SETTLEMENT OF PERFORMANCE SHARE PROGRAM 2010

RAMIRENT PLC      COMPANY ANNOUNCEMENT                            27 March 2013
08:00 

Vantaa, Finland, 2013-03-27 07:00 CET (GLOBE NEWSWIRE) -- 





New share-based incentive program for 2013-2015

The Board of Directors of Ramirent Plc has approved a new share-based incentive
program for the executives of the company. The aim of the new program is to
combine the objectives of the shareholders and the executives in order to
increase the value of the company, to commit the executives to the company and
to offer the executives a competitive reward program based on holding the
Company's shares. The new program includes matching shares and performance
shares, and the program is targeted at approximately 50 executives for the
earning period 2013—2015. The members of the Group Management Team are included
in the target group of the new incentive program. 

The new Program includes one earning period, calendar years 2013—2015. The
potential reward from the program for the earning period 2013—2015 will be
based on the Group's Total Shareholder Return (TSR) and on the Group's
cumulative Economic Profit. In order to receive shares under the Program, the
prerequisite for the top management is that an executive acquires and holds
certain amount of the Company's shares in accordance with the decision by the
Board of Directors. 

The potential reward from the earning period 2013—2015 will be paid partly in
the Company's shares and partly in cash in 2016. The cash payment is intended
to cover the personal taxes and tax-related costs arising from the reward. No
reward will be paid to an executive, if his or her employment or service with
the Group Company ends before the reward payment. 

The maximum reward to be paid on the basis of the earning period 2013—2015 will
correspond to the value of up to 390,244 Ramirent Plc shares (including also
the proportion to be paid in cash). 



A directed share conveyance for key persons of the group as a settlement of the
Performance Share Program 2010 

Based on the share issue authorisation granted by the AGM, the Board decided to
convey 31,558 of the company's own shares, currently held by the company,
without payment to the key persons of the Group as a settlement of the
Performance Share Program 2010. As the Program was set for to combine the
objectives of the shareholders and the key persons of the Group in order to
increase the value of the company, there was an especially weighty financial
reason for the directed share conveyance. 

The performance criteria for the Program was the development of the Group's
Total Shareholder Return (TSR), the Group's average Return on Invested Capital
(ROI) and the Group's cumulative Earnings per Share (EPS). In addition to the
performance shares, the reward includes a cash proportion intended to cover
taxes and tax related costs arising from the reward to the key persons. The
reward was received by approximately 40 key persons of the group. The key
persons are required to hold the shares received on the basis of the program as
long as the value of the shares held by a key person in total corresponds to a
value less than the person's six months gross salary. 

The shares are planned to be delivered by 2 April 2013. After the conveyance of
the shares, the company shall hold a total of 998,634 of its own shares. 



Vantaa 27 March 2013

RAMIRENT PLC

Magnus Rosén
President and CEO



FURTHER INFORMATION:
Magnus Rosén, President and CEO, Tel. +358 20 750 2845

Franciska Janzon, Director, Corporate Communications and IR, Tel. +358 20 750
2859 



DISTRIBUTION:
NASDAQ OMX Helsinki Ltd
The main media
www.ramirent.com



Ramirent is a leading equipment rental group delivering Dynamic Rental
Solutions™ that simplify business. We serve a broad range of customers,
including construction and process industries, shipyards, the public sector and
households. In 2012, the Group's net sales totalled EUR 714 million. The Group
has 3,000 employees at 358 customer centres in 13 countries in the Nordic
countries and in Central and Eastern Europe. Ramirent is listed on the NASDAQ
OMX Helsinki Ltd.