Digia Oyj
NEW INCENTIVE SCHEME BASED ON SHARE EARNINGS AND GROWTH FOR DIGIA’S MANAGEMENT
Digia Oyj 19.12.2013 14:30 Dissemination of a Adhoc News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Helsinki, 2013-12-19 14:30 CET (GLOBE NEWSWIRE) -- Digia Plc STOCK EXCHANGE RELEASE 19.12.2013 at 3:30 p.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 top management. 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 three earning periods, which are years 2014-2016. Earning criteria will be the earning per share (EPS) value and net sales during the respective earning period as to be specified by the Board annually in more detail. The maximum total bonus payable under the scheme amounts to the value of 200.000 shares in the respective earning period. Half of the bonus will be paid to the President and CEO and the other half to the other participants 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. Terms of the scheme are discussed in more detail in the Statement on Digia Management Emoluments available at www.digia.com. With a view of bonus payments under the scheme the Board has decided to use company's distributable funds to finance the repurchase of 243,000 shares and authorize Evli Alexander Management to repurchase such shares through public trading organized by NASDAQ OMX Helsinki Oy. Company and Evli Alexander Management have in place an agreement on coordination of company's share bonus schemes and management and payment of thereto related shares in accordance with their terms. Digia Plc Board of Directors 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 News Source: NASDAQ OMX 19.12.2013 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Digia Oyj Finland Phone: Fax: E-mail: Internet: ISIN: FI0009007983 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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