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2010-03-10 14:00:00 CET 2010-03-10 14:00:03 CET REGULATED INFORMATION Componenta - Company AnnouncementThe Board of Directors of Componenta resolved on an incentive plan for key personnelComponenta Corporation Stock Exchange Release 10.3.2010 at 15.00 The Board of Directors of Componenta Corporation has approved a new share-based incentive plan for the Group key personnel. The aim of the plan is to combine the objectives of the shareholders and the key personnel in order to increase the value of the company, to commit the key personnel to the company, and to offer them a competitive reward plan based on holding the company shares. The plan includes three earning periods, calendar years 2010, 2011 and 2012. The Board of Directors shall decide on the earnings criteria and on targets to be established for them for each earning period. The earnings criteria of the earning period 2010 are the Componenta Group´s result after financial items and net cash flow from operations. The potential reward from the earning period 2010 will be paid partly as the company's shares and partly in cash. The proportion to be paid in cash is intended cover taxes and tax-related costs arising from the reward to the key personnel. The shares cannot be transferred during a two-year restriction period. If a key person's employment or service ends during the restriction period, a key person must gratuitously return the shares given as reward to the company. During the earning period 2010, approximately 45 people belong to the target group of the plan. The rewards to be paid on the basis of the earning period 2010 will correspond to the value of a maximum total of 360,000 Componenta Corporation shares (including also the proportion to be paid in cash). Helsinki, 10 March 2010 COMPONENTA CORPORATION Heikki Lehtonen President and CEO Further information: Heikki Lehtonen President and CEO tel. +358 10 403 00 Componenta is a metal sector company with international operations and production plants located in Finland, Turkey, the Netherlands and Sweden. The net sales of Componenta were EUR 300 million in 2009. The Group employs approx. 3,700 people. Componenta's shares are quoted on the NASDAQ OMX Helsinki. Componenta specializes in supplying cast and machined components and total solutions made of them to its global customers who are manufacturers of vehicles, machines and equipment. Componenta Corporation Panuntie 4 FI-00610 Helsinki , Finland Tel. +358 10 403 00 Fax +358 10 403 2721 www.componenta.com |
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