OKMETIC OYJ STOCK EXCHANGE RELEASE 8 FEBRUARY 2012 AT 10.00 A.M.
DECISION ON THE EXECUTIVE MANAGEMENT GROUP'S SHARE-BASED INCENTIVE SCHEME FOR 2012
Okmetic's board of directors has today decided on the share reward programme for the executive management group for 2012 as a part of the company's incentive and commitment plan. The purpose of the programme is to commit and incentivise the executive management group to grow the shareholder value in the long run.
The programme's earning period is calendar year 2012. The reward payment will be based on common performance criteria, which are, among other things, the operating income and cash flow, as well as on individual performance criteria which are, for the president, increasing sales and improving profitability. The individual performance criteria for the other executive management group members are prepared by the president, and the board of directors resolves on the confirmation of the criteria.
The possible rewards of the share reward programme will be paid in Okmetic shares and in a monetary amount covering the taxes in accordance with reaching the targets that have been set. The amount of the earned reward will be determined based on the realisation of the set goals and the possible reward will be paid to the persons in the programme after the financial statements for 2012 have been published.
The amount of the rewards corresponds to a maximum of 150,000 shares. In addition, a monetary amount covering the taxes will be paid. The shares to be transferred as rewards will be shares repurchased from the stock market and therefore, the share reward programme does not have a dilutive effect to the number of shares.
The shares earned based on the share reward programme must be held for at least two years after the reward disbursement. In addition, the president must hold at least half of the shares received as share reward for as long as the president is in the service of the company. If a person participating in the programme ceases to be in the service of the company, the rights that such person has based on the programme shall expire. The persons in the programme may change during the course of the programme.
OKMETIC OYJ
Board of directors
For further information, please contact:
Chairman of the board of directors Henri Österlund, Okmetic Oyj, tel. +358 50 348 9600
Distribution:
NASDAQ OMX Helsinki
Principal media
www.okmetic.com
OKMETIC IN BRIEF
Take it higher
Okmetic is a technology company which supplies tailor-made silicon wafers for sensor and semiconductor industries and sells its technological expertise to solar cell industry. Okmetic provides its customers with solutions that boost their competitiveness and profitability.
Okmetic's silicon wafers are part of a further processing chain that produces end products that improve human interaction and quality of life. Okmetic's products are based on high-tech expertise that generates added value for customers, innovative product development and an extremely efficient production process.
Okmetic has a global customer base and sales network, production plants in Finland and the US and contract manufacturers in Japan and China. Okmetic's shares are listed on NASDAQ OMX Helsinki under the code OKM1V. For more information on the company, please visit our website at www.okmetic.com.
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: Okmetic Oyj via Thomson Reuters ONE
