ASIAKASTIETO GROUP PLC, STOCK EXCHANGE RELEASE 22 JUNE 2016, 4.00 P.M. EEST
Asiakastieto Group Board resolved to continue key employee incentive plan
The Board of Directors of Asiakastieto Group Plc has resolved to continue the key employee Performance Share Plan as resolved by the Board in March 2015. The members of the Executive Team of the Group belong to the target group of the plan.
The purpose of the plan is to continue aligning the objectives of the key employees and shareholders in order to increase the value of Asiakastieto and retain the key employees in the company in the long term. The incentive plan rewards the key employees on the basis of achieved Total Shareholder Return to company shareholders, giving the participants an opportunity to earn and accumulate Asiakastieto shares. The performance period will commence on 1 July 2016 and end on 31 December 2018.
The potential reward will be based on the achievement of the required performance levels of the performance criterion and it will be paid in 2019, partly in shares and partly in cash. The cash proportion is intended to cover taxes and tax-related costs which incur to the plan participant due to the reward. As a rule, no reward will be paid if the participant's employment or service ends before the reward payment. Should the targets of the plan be attained in full, the payable rewards will correspond to a maximum total of 72,000 Asiakastieto Group shares, including also the cash proportion.
The plan participants must retain 50 per cent of net shares received on the basis of the plan until the participant's share ownership equals his/her annual gross base salary. Such number of shares must be held as long as the participant's employment or service at Asiakastieto continues.
ASIAKASTIETO GROUP PLC
tel. +358 10 270 7111
Nasdaq Helsinki Ltd
Asiakastieto Group is one of the leading providers of business and consumer information services in Finland. The Group's products and services are primarily used for risk management, finance and administration, decision-making and sales and marketing purposes. The Group has approximately 13 000 contract customers and it serves several industries, the largest ones including finance and banking, wholesale and retail sectors and expert services. In 2015, the Group's net sales totaled 43,7 million euros and at the end of 2015, the Group employed 152 people. Asiakastieto Group is listed on Nasdaq Helsinki under symbol ATG1V. For more information about Asiakastieto Group, please visit www.asiakastieto.fi.