Amer Sports Corporation: Two new share-based incentive plans for key personnel
(Thomson Reuters ONE) -
Amer Sports Corporation
STOCK EXCHANGE RELEASE
December 14, 2012 at 8:00 am
The Board of Directors of Amer Sports Corporation has approved two new share-
based incentive plans for the Group key personnel. The aim of the new plans is
to combine the objectives of the shareholders and the key personnel in order to
increase the value of the Company, to commit the key personnel to the Company,
and to offer them competitive reward plans based on holding the Company shares.
Performance Share Plan
The new Performance Share Plan includes six earning periods, calendar years
2013, 2014 and 2015 and calendar years 2013-2015, 2014-2016 and 2015-2017. The
Board of Directors of the Company will decide on the earnings criteria, targets
and participants at the beginning of each earning period. The potential reward
from the plan for the earning period 2013 will be based on the Group's Earnings
before Interest and Taxes (EBIT) and the Group's Net Sales and the potential
reward for the earning period 2013-2015 will be based on the Group's Total
Shareholder Return (TSR).
Key Personnel must acquire the Company shares as a prerequisite for
participation in the plan. Key personnel will be entitled to receive shares as a
reward for fulfilling this prerequisite.
The potential rewards from the earning periods will be paid partly as the
Company's shares and partly in cash. The cash payment equals to taxes and tax-
related costs arising from the reward to the key person. The shares paid from
the earning periods 2013, 2014 and 2015 may not be transferred during the
restriction periods, which will end on 31 December 2015, on 31 December 2016 and
on 31 December 2017.
The Performance Share Plan is directed to approximately 80 people, including the
members of the Group Executive Board. The amount of net rewards to be paid on
the basis of the Performance Share Plan will be a maximum total of 1,200,000
Amer Sports Corporation shares.
Restricted Stock Plan
The new Restricted Stock Plan includes three earning periods, calendar years
2013, 2014 and 2015. The potential reward will be based on continuation of
employment. The Board of Directors of the Company will decide on the
participants at the beginning of each earning period. The potential reward from
the earning periods will be paid partly as the Company's shares and partly in
cash. The cash payment equals to taxes and tax-related costs arising from the
reward to the key person. The shares may not be transferred during the
restriction periods, which will end on 31 December 2015, 31 December 2016 and on
31 December 2017.
The Restricted Stock Plan is directed to approximately 30 people, including the
members of the Group Executive Board. The amount of net rewards to be paid on
the basis of the Restricted Stock Plan will be a maximum total of 300,000 Amer
Sports Corporation shares.
For further information, please contact:
Päivi Antola, Director, Corporate Communications and IR, tel. +358 9 7257 8233
DISTRIBUTION:
NASDAQ OMX Helsinki
Major media
www.amersports.com
AMER SPORTS
Amer Sports (www.amersports.com) is one of the world's leading sports equipment
companies with internationally recognized brands including Salomon, Wilson,
Precor, Atomic, Suunto, Mavic and Arc'teryx. All Amer Sports companies develop
and manufacture technically advanced products that improve the performance of
active sports participants. The Group's business is balanced by its broad
portfolio of sports and presence in all major markets. Amer Sports' shares are
quoted on the NASDAQ OMX Helsinki.
Amer Sports Corporation: Two new share-based incentive plans for key p:
http://hugin.info/3020/R/1664922/540142.pdf
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originality of the information contained therein.
Source: Amer Sports Oyj via Thomson Reuters ONE
[HUG#1664922]
Unternehmensinformation / Kurzprofil:
Datum: 14.12.2012 - 07:02 Uhr
Sprache: Deutsch
News-ID 212800
Anzahl Zeichen: 4662
contact information:
Town:
Helsinki
Kategorie:
Business News
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"Amer Sports Corporation: Two new share-based incentive plans for key personnel"
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