Etteplan Oyj
The Board of Directors of Etteplan Oyj resolved on an incentive plan for the CEO
Etteplan Oyj 12.02.2014 13:45 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. --------------------------------------------------------------------------- ETTEPLAN OYJ, STOCK EXCHANGE RELEASE, FEBRUARY 12, 2014, AT 2.45 P.M. THE BOARD OF DIRECTORS OF ETTEPLAN OYJ RESOLVED ON AN INCENTIVE PLAN FOR THE CEO The Board of Directors of Etteplan Oyj has approved a new share-based incentive plan for the Company's President and CEO. The aim of the Plan is to combine the objectives of the shareholders and the CEO in order to increase the value of the Company, to commit the CEO to the Company, and to offer him a competitive reward plan based on earning the Company shares. The new Restricted Stock Plan includes one three year vesting period. The potential reward of the Plan is bound to the validity of the CEO's service. The reward from the vesting period will be paid partly in the Company's shares and partly in cash in February 2017. The cash proportion is intended to cover taxes and tax-related costs arising from the reward to the CEO. No reward will be paid, if the CEO terminates his service contract before the reward payment. The reward to be paid on the basis of the Restricted Stock Plan 2014 will amount up to a maximum total of 25,000 Etteplan Oyj shares. In addition, the Company will pay taxes and tax-related costs arising from the reward to the CEO. Vantaa, February 12, 2014 Etteplan Oyj Board of Directors Additional information: Robert Ingman, Chairman of the Board of Directors, tel. +358 50 1621 DISTRIBUTION: NASDAQ OMX Helsinki Major media www.etteplan.com Etteplan provides engineering planning services and technical product information solutions to the world's leading companies in the manufacturing industry. Our services are geared to improve the competitiveness of our customers' products and engineering processes throughout the product life cycle. The results of Etteplan's innovative engineering can be seen in numerous industrial solutions and everyday products. In 2013, Etteplan had a turnover of EUR 128.6 million. The company has more than 1,700 professionals in Finland, Sweden, the Netherlands and China. Etteplan's shares are listed on NASDAQ OMX Helsinki Ltd under the ticker ETT1V. News Source: NASDAQ OMX 12.02.2014 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: Etteplan Oyj Finland Phone: Fax: E-mail: Internet: ISIN: FI0009008650 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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