Ahlstrom's Board of Directors approves share-based incentive plan for 2011-2015
(Thomson Reuters ONE) -
Ahlstrom Corporation STOCK EXCHANGE RELEASE 15.12.2010 at 12.10
Ahlstrom's Board of Directors has today approved a share-based long-term
incentive plan for the Executive Management Team (EMT) and other key employees
consisting in total of maximum 50 persons per earning period as part of the
remuneration and commitment program.
The plan will be in effect for five years and consists of three earning periods
2011-2012, 2012-2014 and 2013-2015. The plan offers a possibility to receive
Ahlstrom shares, and cash equivalent to the amount of taxes of the total reward,
if return on capital employed and earnings per share targets set by the Board
for each earnings period are achieved.
If the targets of the plan are achieved in full for all three earning periods,
the reward to be paid on the basis of the plan will in its entirety correspond
to a gross value of approximately 1 000,000 shares as a maximum.
Transfer of the shares earned for one earning period is restricted for one year
after the earning period. The Board recommends that the President & CEO holds
shares in the Company corresponding in value to his annual net salary and that
the other EMT members hold shares in the Company corresponding in value to half
of their annual net salary.
For further information, please contact:
Jan Lång
President & CEO
Tel. +358 10 888 4700
Seppo Parvi
CFO
Tel. +358 10 888 4768
Distribution:
NASDAQ OMX Helsinki
Main media
www.ahlstrom.com
Ahlstrom in brief
Ahlstrom is a global leader in the development, manufacture and marketing of
high performance nonwovens and specialty papers. Ahlstrom´s products are used in
a large variety of everyday applications, such as filters, wipes, flooring,
labels, and tapes. Based upon its unique fiber expertise and innovative
approach, the company has a strong market position in several business areas in
which it operates. Ahlstrom's 5,800 employees serve customers via sales offices
and production facilities in more than 20 countries on six continents. In 2009,
Ahlstrom's net sales amounted to EUR 1.6 billion. Ahlstrom's share is quoted on
the NASDAQ OMX Helsinki. The company website is at www.ahlstrom.com.
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other applicable laws; and
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originality of the information contained therein.
Source: Ahlstrom Oyj via Thomson Reuters ONE
[HUG#1472717]
Unternehmensinformation / Kurzprofil:
Datum: 15.12.2010 - 11:10 Uhr
Sprache: Deutsch
News-ID 49737
Anzahl Zeichen: 3091
contact information:
Town:
Helsinki
Kategorie:
Business News
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"Ahlstrom's Board of Directors approves share-based incentive plan for 2011-2015"
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