Martela Oyj - Other information disclosed according to the rules of the Exchange

THE BOARD OF DIRECTORS OF MARTELA CORPORATION RESOLVED TO AMEND THE KEY EMPLOYEE INCENTIVE PLAN

MARTELA        STOCK EXCHANGE RELEASE           19 APRIL 2017 AT 4.00 P.M.    

  

In December 2016, the Board of Directors of Martela Corporation resolved to establish a new share-based incentive plan directed to the Group key employees. The company has on 15 December 2016 announced the plan to which the Board of Directors has since then made the following amendments.  

The potential reward from the performance period 2017—2018 will be paid partly in Martela shares and partly in cash in two instalments in 2018 and 2019. The one-year restriction period following the performance period has been deleted and thus the shares paid as reward will be freely transferable after the reward payment. The ownership obligation set for the members of the Group’s Management Team has also been deleted.

 

Martela Corporation

The Board of Directors

Further Information: Heikki Martela, Chairman of the Board, Tel. +358 10 345 50

 

Distribution:
Nasdaq Helsinki Ltd     
Main news media                     
www.martela.com

Our strategic direction is defined by our mission “Better working” and our vision “People-centric workplaces”. Martela provides people centric workplaces where the users and their wellbeing are in the core. We will focus on the Nordic countries, as the Nordic countries are forerunner in hybrid working environments with common open work culture background and needs.

 

Attachments:

2017_0419 release.pdf