Efore - Company Announcement

THE BOARD OF DIRECTORS OF EFORE PLC DECIDED ON AN INCENTIVE PLAN FOR ROAL ELECTRONICS S.P.A KEY DIRECTORS

Espoo, Finland, 2013-07-11 15:15 CEST (GLOBE NEWSWIRE) -- EFORE PLC            
Stock Exchange Release     11 July 2013 at  4.15 


The Board of Directors of Efore Plc has decided to launch a new share-based
incentive plan for Roal Electronics S.p.A (Roal) key directors. Roal key
directors joined the Efore Group in connection with the acquisition of Roal.
The aim of the Plan is to combine the objectives of the shareholders and Roal
key directors in order to increase the value of the Company, to commit Roal key
directors to the Company, and to offer them a competitive reward plan based on
holding the Company shares. 

The Plan includes one performance period, beginning on 11 July 2013 and ending
on 30 June 2016. The performance criterion of the performance period is the
share price development of the Efore Plc share during the performance period.
The Board of Directors may, at its discretion, decide to end the Performance
Period earlier. 

The potential reward will be paid partly in the Company's shares and partly in
cash in July 2016. The proportion to be paid in cash is intended cover taxes
and tax-related costs arising from the reward to Roal key directors. No reward
will mainly be paid, if Roal key directors' employment or service ends before
30 June 2016. 

Four Roal key directors belong to the target group of the Plan. The rewards to
be paid on the basis of the Plan will correspond to the value of a maximum
total of 440,000 Efore Plc shares (including also the proportion to be paid in
cash). 

EFORE PLC
Board of Directors

For further information please contact Mr. Vesa Vähämöttönen, President and
CEO, tel. +358 9 4784 6312 

DISTRIBUTION
NASDAQ OMX Helsinki Ltd
Principal media

Efore Group

Efore Group is an international company which develops and produces demanding
power products. Efore's head office is based in Finland and its production unit
is located in China. Efore is present also in Sweden. In the fiscal year ending
in October 2012, consolidated net sales totaled EUR 78.1 million and the
Group's employees averaged 888. The company's share is quoted on NASDAQ OMX
Helsinki Ltd. 
www.efore.com