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Orion Oyj: The Board of Directors of Orion Corporation decided on an incentive plan for key persons


The Board of Directors of Orion Corporation decided on an incentive plan for
key persons

The Board of Directors of Orion Corporation has decided on a new share-based
incentive plan for the Group key persons. The aim of the Plan is to combine
the objectives of the shareholders and the key persons in order to increase
the value of the Company, to commit the key persons to the Company, and to
offer them a competitive reward plan based on holding the Company's shares.

The Plan includes earning periods. The Board of Directors decides annually on
the beginning and duration of the earning periods in 2016, 2017 and 2018. The
Board of Directors decides on the earnings criteria and on targets to be
established for them at the beginning of each earning period. Two earning
periods, calendar year 2016 and calendar years 2016-
2018,commenced upon implementation of the Plan. The potential reward of the
Plan, for the earning period 2016, is based on the Orion Group's operating
profit and, for the earning period 2016-
2018, on the total return on Orion Corporation class B share.

The potential reward will be paid partly as the Company's class B shares and
partly in cash in 2017, on the basis of the earning period 2016, and in 2019
on the basis of the earning period 2016-
2018. The proportion to be paid in cash will be used for taxes and tax-related
costs arising from the reward to a key person. The value of reward to be paid
on the basis of the Plan and the Orion Share-based incentive plan established
in 2013 during one calendar year is a key person's gross annual salary
multiplied by 1.75, in the maximum, at the date of the reward payment. Gross
annual salary means total salary together with fringe benefits, excluding
annual bonus and long-term incentive plan. The shares paid on the basis of
the earning period 2016 cannot be transferred during the restriction period,
which will end on 31 December 2018 with the exception that notwithstanding
the transfer restrictions relating to the shares to be paid on the basis of
the Plan, a person belonging to the Plan may purchase Orion Corporation A
shares at will and at his/her expense on the stock exchange or otherwise and
enter these shares under the transfer restriction of the Plan, and after the
acquisition transfer a corresponding number of B shares under the transfer

The target group of the Plan consists of 50 people, in the maximum. The total
maximum amount of rewards to be paid on the basis of the Plan is 500,000
Orion Corporation class B shares and a cash payment corresponding to the
value of the shares.

Orion Corporation

Timo Lappalainen Olli Huotari
President and CEO SVP, Corporate Functions

Contact person:

Olli Huotari, SVP, Corporate Functions, tel. +358 10 426 3054, mobile +358 50
966 3054

Orion Corporation

Orionintie 1A, FI-02200 Espoo

Orion is a globally operating Finnish company developing pharmaceuticals and
diagnostic tests - a builder of well-being. Orion develops, manufactures and
markets human and veterinary pharmaceuticals, active pharmaceutical
ingredients and diagnostic tests. The company is continuously developing new
drugs and treatment methods. The core therapy areas of Orion's pharmaceutical
R&D are central nervous system (CNS) disorders, oncology and respiratory for
which Orion develops inhaled Easyhaler®pulmonary drugs.

Orion's net sales in 2015 amounted to EUR 1,016 million and the Company had
about 3,400 employees. Orion's A and B shares are listed on Nasdaq Helsinki.


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Orion Oyj via Globenewswire


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