Ramirent - Company Announcement

The Board of Directors of Ramirent Plc has resolved on a new incentive plan for the company key employees to support profitability improvement in 2017

Vantaa, Finland, 2016-12-14 14:00 CET (GLOBE NEWSWIRE) -- 

Ramirent Plc                  Stock Exchange Release                           
14 December 2016 at 15:00 local time 



Deferred Incentive Plan 2017

The Board of Directors of Ramirent Plc has approved a new Deferred Incentive
Plan (DIP) for 2017 to maximally support the company’s short-term key priority
of delivering improved EBITA and to offer key employees a competitive reward
and retention program. This plan will in 2017 serve as the Long-term Incentive
Program as it has been called in previous years. The new incentive plan
includes one earning period, calendar year 2017, with a lock-up period of two
years whereby the potential reward will be paid in cash in 2020. The incentive
plan has been extended to include approximately 120 key employees. The members
of the Executive Management Team are included in the target group of the new
incentive plan. 

The potential reward from the incentive plan for the earning period 2017 will
be based on the participant’s short term incentive plan targets. In addition,
to combine the objectives of the shareholders and the Executive Management
Team, the total reward potential for Executive Management Team members will
also be based on the Group’s Total Shareholder Return (TSR) for the earning
period 2017 and the two-year lock-up period. 

The maximum reward of the new Deferred Incentive Plan 2017 to be paid in cash
in 2020 will correspond to up to 3.7 million euros. 



FURTHER INFORMATION:
Franciska Janzon, SVP, Marketing, Communications, IR, tel. +358 (0)20 750 2859

Ramirent is a leading equipment rental group combining the best equipment,
services and know-how into rental solutions that simplify customer’s business.
Ramirent serves a broad range of customer sectors including construction,
industry, services, the public sector and households. Ramirent has operations
in the Nordic countries and in Central and Eastern Europe. In 2015, Ramirent
Group sales totaled EUR 636 million. The Group has 2,730 employees in 288
customer centers in 10 countries. Ramirent is listed on the NASDAQ Helsinki
(RMR1V). Ramirent – More than machines®. 

DISTRIBUTION:
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www.ramirent.com