Bli medlem
Bli medlem

Du är här

2016-10-28

Outotec Oyj: Outotec Board decided to continue Employee Share Savings Plan in 2017

OUTOTEC OYJ STOCK EXCHANGE RELEASE OCTOBER 28, 2016 at 1.10 PM

Outotec Board decided to continue Employee Share Savings Plan in 2017

Outotec's Board of Directors has decided to continue Outotec's Employee Share
Savings Plan (announced on September 25, 2012) for the calendar year 2017.
The Plan commenced on January 1, 2013 and has continued for four saving
periods.

"I am very pleased that the Employee Share Savings Plan will continue for the
fifth year at Outotec. I believe that this reward system motivates our people
to work towards common goals and benefits all our shareholders", says Outotec
CEO Markku Teräsvasara.

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 2017 may not exceed EUR 4 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 2017. 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, October 28, 2016

OUTOTEC OYJ
The Board of Directors

For further information please contact:

Kaisa Aalto-Luoto, Senior Vice President, Human Resources&Communications
Tel. +358 20 529 211

DISTRIBUTION:
NASDAQ OMX Helsinki
Main media
www.outotec.com

---------------------------------------
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq 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: Outotec Oyj via Globenewswire

Författare Hugin

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.