Assignment of Vacon's own shares - share bonus scheme 2011-2013
(Thomson Reuters ONE) -
Vacon Plc, Stock Exchange Release, 27 March 2012 at 8.30 pm (EET)
Vacon's Board of Directors has confirmed that the bonus in the share bonus
scheme for 2011 is 19.8% of the maximum amount. The Board decided to assign
11,781 of the company shares held by the company without consideration to the
recipients of the bonus as the share portion of the total bonus. In accordance
with the terms of the share bonus scheme, 50% of the total bonus is paid in cash
and 50% as shares. For the 2011 earnings period, the recipients of the bonus are
57 persons in corporate management and other positions. The handover date for
the shares is 24 April 2012. After handing over these shares, the company holds
23,277 of its own shares.
The Share Ownership Plan includes three earning periods, calendar years
2011, 2012 and 2013. The Board of Directors of the Company will decide on the
target group, the Plan's earnings criteria and on targets to be established for
them at the beginning of each earning period. The shares paid on the basis of
earning periods 2011, 2012 and 2013 may not be transferred during the
restriction period, which will end two years from the end of the earning period.
Should a target group person's employment or service end during the restriction
period, he or she must gratuitously return the shares given as reward to the
Company. The members of the Management Team must hold a half of the shares
received on the basis of the incentive plan as long as the value of his or her
shareholding in total corresponds to the value of his or her gross annual
salary. Such number of shares must be held as long as his or her employment or
service in a Group company continues.
Further information:
* Vesa Laisi, President and CEO, phone +358 (0)40 8371 510,
vesa.laisi(at)vacon.com
* Sebastian Linko, Director, Corporate Communications and Investor Relations,
+358 (0)40 8371 634, sebastian.linko(at)vacon.com
Vacon in brief:
Vacon is driven by a passion to develop, manufacture and sell the best AC drives
and inverters in the world - and to provide customers with efficient product
life-cycle services. Our AC drives offer optimum process control and energy
efficiency for electric motors. Vacon inverters play a key role when energy is
produced from renewable sources. Vacon has production and R&D facilities in
Europe, Asia and North America, and sales and service operations in nearly 90
countries. In 2011, Vacon's revenues amounted to EUR 380.9 million, and the
company employed globally approximately 1,500 people. The shares of Vacon Plc
(VAC1V) are quoted on the main list of the Helsinki stock exchange (NASDAQ OMX
Helsinki).
Driven by Drives, www.vacon.com
Distribution:
NASDAQ OMX Helsinki
Financial Supervisory Authority
Main media
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Vacon Oyj via Thomson Reuters ONE
[HUG#1597676]
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" alt="Silvermex Reports Positive Financial Performance for the Year 2011Datum: 27.03.2012 - 19:30 Uhr
Sprache: Deutsch
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