Incentive Schemes

Share-based incentive scheme 2010 - 2012

In March 2010 the Board of Directors of Componenta approved a new share-based incentive scheme for Group key personnel. The scheme includes three earning periods, the calendar years 2010, 2011 and 2012. The Board of Directors decides on the earnings criteria and on the targets to be set for them for each earning period. The earnings criteria for the 2011 earning period are Componenta Group´s result after financial items excluding one-time items.

At the end of 2011 the target group for the plan included 47 people, including the President and CEO, other members of the Corporate Executive Team and the members of the Extended Corporate Executive Team. Any bonus from the 2011 earning period will be paid partly in company shares and partly in cash. The portion paid in cash covers the taxes and tax-related costs that the key personnel have to pay because of the bonus. The shares may not be transferred during a two-year restriction period. If a key person's employment or service ends during the restriction period, they must return to the company the shares granted as a bonus without compensation.

The Board of Directors decided to allocate 18,700 shares for the 2011 earning period, and the President and CEO's allocation of this was 5,000 shares and other key personnel received altogether 13,700 shares. The scheme's impact on the Group's result before tax at the end of 2011 was EUR -0.1 million.