Ahlstrom's Board of Directors approves share-based incentive plan for 2011-2015
Ahlstrom Corporation STOCK EXCHANGE RELEASE 15.12.2010 at 12.10
Ahlstrom's Board of Directors has today approved a share-based long-term incentive plan for the Executive Management Team (EMT) and other key employees consisting in total of maximum 50 persons per earning period as part of the remuneration and commitment program.
The plan will be in effect for five years and consists of three earning periods 2011-2012, 2012-2014 and 2013-2015. The plan offers a possibility to receive Ahlstrom shares, and cash equivalent to the amount of taxes of the total reward, if return on capital employed and earnings per share targets set by the Board for each earnings period are achieved.
If the targets of the plan are achieved in full for all three earning periods, the reward to be paid on the basis of the plan will in its entirety correspond to a gross value of approximately 1 000,000 shares as a maximum.
Transfer of the shares earned for one earning period is restricted for one year after the earning period. The Board recommends that the President & CEO holds shares in the Company corresponding in value to his annual net salary and that the other EMT members hold shares in the Company corresponding in value to half of their annual net salary.
For further information, please contact:
President & CEO
Tel. +358 10 888 4700
Tel. +358 10 888 4768
NASDAQ OMX Helsinki
Ahlstrom in brief
Ahlstrom is a global leader in the development, manufacture and marketing of high performance nonwovens and specialty papers. Ahlstrom´s products are used in a large variety of everyday applications, such as filters, wipes, flooring, labels, and tapes. Based upon its unique fiber expertise and innovative approach, the company has a strong market position in several business areas in which it operates. Ahlstrom's 5,800 employees serve customers via sales offices and production facilities in more than 20 countries on six continents. In 2009, Ahlstrom's net sales amounted to EUR 1.6 billion. Ahlstrom's share is quoted on the NASDAQ OMX Helsinki. The company website is at www.ahlstrom.com.