Cargotec's Board of Directors has approved a share-based incentive programme for management for the year 2013
(Thomson Reuters ONE) -
CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 23 AUGUST 2013 AT 1.30 PM (EEST)
In order to ensure improvement of Cargotec's financial performance, Cargotec's
Board of Directors is redefining compensation and incentive structures. The
Board of Directors has approved a new share-based incentive programme for key
personnel of Cargotec. The purpose of the programme is to encourage the persons
to work to increase long-term shareholder value and also to commit them to the
company.
The programme consists of an earnings period based on the H2/2013 financial
performance and a holding period of approximately two years following the
performance period.
The potential reward will be delivered in Cargotec class B shares. The shares
will be delivered in spring 2014 and will be released in two tranches during
year 2015.
If the targets are fully met, the cost of the programme is approximately EUR 6
million. The number of the participants is 42 persons, including Cargotec's
President and CEO and members of the Executive Board.
No new shares will be issued in connection with the above programme and
therefore the programme will have no diluting effect.
For further information, please contact:
Eeva Sipilä, Executive Vice President, CFO, tel. +358 20 777 4104
Paula Liimatta, Director, Investor Relations, tel. +358 20 777 4084
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 10,000 people. Cargotec's class B shares are quoted on NASDAQ OMX
Helsinki under symbol CGCBV. www.cargotec.com
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originality of the information contained therein.
Source: Cargotec Oyj via Thomson Reuters ONE
[HUG#1724597]
Unternehmensinformation / Kurzprofil:
Datum: 23.08.2013 - 12:30 Uhr
Sprache: Deutsch
News-ID 290487
Anzahl Zeichen: 2719
contact information:
Town:
Helsinki
Kategorie:
Business News
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