ASPOCOMP GROUP PLC STOCK EXCHANGE RELEASE March 13, 2006 at 2:05 PM
THE BOARD OF DIRECTORS OF ASPOCOMP GROUP OYJ DECIDED ON A SHARE-BASED INCENTIVE
PLAN – SUBJECT TO THE AGM’S DECISION TO ISSUE STOCK OPTIONS
The Board of Directors has decided on a new share-based incentive plan of 2006
directed to the Group key personnel. The incentive plan is directed to
approximately 12 key employees in the senior management of the company. The plan
agreed by the Board of Directors will be implemented if the General Meeting of
Shareholders decides to issue the 2006 stock options.
The potential reward from the plan will be paid in 2007 partly in the company’s
shares and partly in cash payment. The proportion to be paid in cash will cover
taxes and tax-related costs arising from the reward. The reward includes a
prohibition to transfer the shares within two years from the end of the earning
period. The potential reward from the plan will be based on the Group’s key
figure Earnings per share (EPS).
Related to the incentive plans of 2006, the CEO and the executive committee of
the company must own the company’s shares in a certain proportion to their annual
gross salary as long as the employment or service in the Group continues.
The Board’s proposal for issuing stock options, including appendices, has been
published today as an appendix to the invitation to the Annual General Meeting.
For further information, please contact Maire Laitinen, Legal Counsel,
tel. +358 9 7597 0723.
ASPOCOMP GROUP OYJ
President and CEO
Aspocomp: Innovative interconnection solutions for the electronics industry
The Aspocomp Group offers and develops innovative interconnection solutions for
the electronics industry in close cooperation with its customers. We are strongly
positioned as a supplier of mobile data terminal equipment components and aim to
further bolster our position as a supplier to the automotive industry and data
communications networks. We offer our global customers a fast road to mass
production through flexible and cost-effective adaptation of new technologies.
The Aspocomp Group’s production facilities are located close to its customers in
Finland, China, and Thailand. In 2005, the Group’s net sales stood at EUR 154
million and it had about 3,400 employees.
Helsinki Stock Exchange