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2010-05-27 08:00:00 CEST 2010-05-27 08:00:02 CEST REGULATED INFORMATION Digia Oyj - Company AnnouncementNEW INCENTIVE SCHEME BASED ON SHARE EARNINGS AND GROWTH FOR DIGIA'S MANAGEMENTDIGIA PLC STOCK EXCHANGE RELEASE 27.5.2010 AT 9:00 A.M. NEW INCENTIVE SCHEME BASED ON SHARE EARNINGS AND GROWTH FOR DIGIA'S MANAGEMENT Digia's Board of Directors has decided to launch a new share incentive scheme for the President and CEO and other group management team members. The scheme is intended to combine the interests of the shareholders and company's management for the increase of the company's value. Furthermore, the scheme targets to have the management committed to the company and offer them a competitive incentive scheme based on share ownership. The scheme will cover four earning periods, which are years 2010-2013. Earning criteria will be the earning per share (EPS) value reached and growth in net sales compared to the budgeted net sales during the respective earning period as to be specified by the Board in more detail. The maximum total bonus payable under the scheme amounts to the value of 40.000 shares in the earning period 2010 and to the value of 200.000 shares in 2011-2013 respectively. Half of the bonus will be paid to the President and CEO and the other half to the other management team members in aggregate. The bonus will be paid in a 50/50 combination of shares and cash. The cash payment is used primarily to cover taxes and other applicable fees and levies incurred from the bonus payment. The scheme is a continuation of the share incentive systems adopted for the group management team and the President and CEO in 2009, which remain in force pursuant to the earlier decision. Digia Plc Board For further information: President and CEO Juha Varelius, gsm +358 400 855849, email: juha.varelius@digia.com Distribution: NASDAQ OMX Helsinki Key media www.digia.com |
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