Remuneration to Cargotec's President and CEO Mika Vehviläinen
(Thomson Reuters ONE) -
CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 20 MARCH 2013 AT 5.25 P.M. (EET)
Cargotec's Board of Directors has in its meeting on 20 March 2013 decided to
grant President and CEO Mika Vehviläinen 60,500 Cargotec Corporation 2010A
stock options. The aim in granting stock options is to ensure the alignment of
shareholders' objectives with those of executives, in order to increase the
value of Cargotec, while committing the executives to the company. Mika
Vehviläinen will be obliged to keep the stock options and shares possibly
subscribed for with the stock options for a period of one year until 1 April
2014.
The theoretical market value of one stock option 2010A per 20 March 2013 is EUR
10.48. The theoretical market value of one 2010A stock option has been
calculated through the use of Black & Scholes stock option pricing model with
the following input factors: share price EUR 26.80, share subscription price EUR
19.74, risk free interest rate 0.13%, remaining validity of stock options
approximately 2.1 years and volatility 48%. The terms and conditions of the
Stock Options 2010 are available at Cargotec's website www.cargotec.com.
Additionally a onetime compensation of EUR 80,000 for change of housing will be
paid due to his transition from his previous employer to Cargotec.
Further information for the press:
Anne Westersund, Vice President, Communications, tel. +358 20 777 4460
Further information for investors:
Eeva Sipilä, Executive Vice President, CFO, tel. +358 20 777 4104
Cargotec improves the efficiency of cargo flows on land and at sea - wherever
cargo is on the move. Cargotec's brands MacGregor, Kalmar and Hiab are
recognised leaders in cargo and load handling solutions around the world.
Cargotec's global network is positioned close to customers and offers extensive
services that ensure the continuous, reliable and sustainable performance of
equipment. Cargotec's sales totalled EUR 3.3 billion in 2012 and it employs
approximately 10,500 people. Cargotec's class B shares are quoted on NASDAQ OMX
Helsinki under symbol CGCBV. www.cargotec.com
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: Cargotec Oyj via Thomson Reuters ONE
[HUG#1686785]
Unternehmensinformation / Kurzprofil:
Datum: 20.03.2013 - 16:25 Uhr
Sprache: Deutsch
News-ID 241559
Anzahl Zeichen: 2874
contact information:
Town:
Helsinki
Kategorie:
Business News
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Die Pressemitteilung mit dem Titel:
"Remuneration to Cargotec's President and CEO Mika Vehviläinen"
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Cargotec Oyj (Nachricht senden)
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