Outotec Board decided to continue Employee Share Savings Plan in 2016
(Thomson Reuters ONE) -
OUTOTEC OYJ STOCK EXCHANGE RELEASE SEPTEMBER 30, 2015 at 12.30 PM
Outotec Board decided to continue Employee Share Savings Plan in 2016
Outotec's Board of Directors has decided to continue Outotec's Employee Share
Savings Plan (announced on September 25, 2012) for the calendar year 2016. The
Plan commenced on January 1, 2013 and has continued for three saving periods.
"Competent and motivated people are essential to Outotec's success in growing
the business and making sustainable profits. I am very pleased that our Board
decided to continue the Employee Share Savings Plan, in which on average 32
percent of our people globally have been participating during three years. The
Plan was awarded in 2013 by Global Equity Organization for its versatile high
quality communication, high participation rate and effort used in
implementation", says Outotec CEO Pertti Korhonen. "I believe that it benefits
all our stakeholders and contributes to the alignment of the interests of our
employees and shareholders."
Outotec employees have a possibility to save a proportion of their salary for
purchasing Outotec shares. To encourage participation, Outotec offers each
employee participating in the Plan one free share for each two acquired shares
after a designated holding period of approximately three years. Free shares are
taxable income for the recipient and will be paid partly in Outotec's shares and
partly in cash. The cash proportion is intended for covering taxes and tax-
related payments.
The Employee Share Savings Plan is offered for Outotec employees globally in
countries where there are no local legal, taxation or administrative restraints.
The maximum monthly saving is five per cent and the minimum is two per cent of
each participant's gross base salary during one month. The total amount of all
savings in 2016 may not exceed EUR 6 million.
Shares will be acquired with the accumulated savings at the market price
quarterly, after the publication of Outotec's interim results, commencing from
April 2016. Any dividends paid on purchased shares will be reinvested into
additional shares on the following purchase date. These shares will have equal
rights to free shares. Participation in the Plan is voluntary to employees.
Espoo, September 30, 2015
OUTOTEC OYJ
The Board of Directors
For further information please contact:
Kirsi Nuotto, Senior Vice President, Human Resources
Tel. +358 20 529 211
DISTRIBUTION:
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Main media
www.outotec.com
This announcement is distributed by GlobeNewswire on behalf of
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(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Outotec Oyj via GlobeNewswire
[HUG#1955502]
Unternehmensinformation / Kurzprofil:
Datum: 30.09.2015 - 11:29 Uhr
Sprache: Deutsch
News-ID 423573
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contact information:
Town:
Espoo
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