New plan period in the long-term incentive scheme directed to Aspocomp’s management
February 15 2023 - 1:25AM
New plan period in the long-term incentive scheme directed to
Aspocomp’s management
Aspocomp Group Plc, Stock Exchange Release, February 15, 2023 at
8:25 a.m.
The Board of Directors of Aspocomp Group Plc has approved the
commencement of a new performance period within the share-based
long-term incentive scheme for the company’s top management and
selected key employees, the Performance Share Plan (also “PSP”).
Aspocomp Group originally announced the establishment of the
long-term incentive scheme with a stock exchange release issued on
July 20, 2022. The next plan within the PSP structure, PSP
2023-2025, commences as of the beginning of 2023 and the share
rewards potentially earned thereunder will be paid during H1 2026.
The payment of the rewards is conditional on the achievement of the
performance targets set by the Board of Directors for the plan. The
performance measures based on which the potential share rewards
under PSP 2023-2025 will be paid are cumulative EBIT and the total
shareholder return of Aspocomp’s share (absolute TSR). Eligible for
participation in PSP 2023-2025 are approximately 20 individuals,
including the members of Aspocomp’s Management Team. If all the
performance targets set for PSP 2023–2025 are fully achieved, the
aggregate maximum number of shares payable as a reward based on
this plan is approximately 91,000 shares (referring to gross
earning before the withholding of the applicable payroll tax). The
maximum value of the rewards payable to the participants based on
PSP 2023-2025 is limited by a cap which is linked to Aspocomp’s
share price development. Aspocomp applies a share ownership
recommendation to the members of the company’s Management Team.
According to this recommendation each member of Aspocomp’s
Management Team is expected to retain in his/her ownership at least
half of the shares received under the share-based incentive plans
of the company until the value of his/her share ownership in the
company in case of the President and CEO corresponds to at least
the CEO’s annual gross base salary and in case of the other members
of the Management Team to half of the individual’s annual gross
base salary. For further information, please contact Mikko
Montonen, President and CEO, tel. +358 20 775 6860,
mikko.montonen(at)aspocomp.com. ASPOCOMP GROUP PLC Aspocomp –
heart of your technology A printed circuit board (PCB) is used
for electrical interconnection and as a component assembly platform
in electronic devices. Aspocomp provides PCB technology design,
testing and logistics services over the entire lifecycle of a
product. The company’s own production and extensive international
partner network guarantee cost-effectiveness and reliable
deliveries. Aspocomp’s customers are companies that design and
manufacture telecommunication systems and equipment, automotive and
industrial electronics, and systems for testing semiconductor
components for security technology. The company has customers
around the world and most of its net sales are generated by
exports. Aspocomp is headquartered in Espoo and its plant is in
Oulu, one of Finland’s major technology hubs. www.aspocomp.com
Aspocomp Group Oyj (LSE:0DG8)
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