Raisio Group

Share-based incentive schemes

Share-based scheme 2015-2017 and directed issue

On 15 March 2018, the Board of Directors approved the bonuses paid under the share reward scheme 2015-2017

In order to convey the part paid in shares to key employees, the Board decided 15 March 2018 to implement a directed share issue without payment based on the authorisation granted to the Board by the AGM of 23 March 2017. 

In the share issue, a total of 10,266 Raisio plc’s free shares held by the company were conveyed without consideration to the key employees within the share reward scheme, with deviation from the shareholders' pre-emptive subscription rights. The conveyed 10,266 free shares correspond to 0,006 per cent of all Raisio plc’s shares and 0,001 per cent of all votes. The shares were conveyed to key employees on 11 April 2018.

Share-based scheme 2016 – 2018 

In December 2015, Raisio plc’s Board decided on the Group’s new key employees’ share-based incentive scheme for the period of 2016 - 2018. The purpose of the scheme is to combine the objectives of owners and key employees in order to increase the company’s capitalisation value, to commit the key employees to the company and to offer them a competitive reward system based on the company’s share price development and earnings. 

The earnings period of the share incentive scheme started on 1 January 2016 and ended on 31 December 2018. Potential bonus of the scheme for the earnings period 2016 - 2018 is based on the company’s Total Shareholder Return (TSR). Bonus payment is dependent on the achievement of the Group’s cumulative profit target (EBT, earnings before taxes) during the earning period.

Bonuses for the earnings period 2016 - 2018 will be paid in 2019, partly in the company’s free shares and partly in cash. The cash payment is made to cover the taxes and fiscal fees arising from the reward. In case the employment or service of a key employee ends before the bonus payment, as a rule no bonus is paid. 

The Board recommends that the key employees within the scheme hold a substantial part of all shares they have received based on the scheme as long as the value of their holdings corresponds to their six months’ gross salary. 

On 31 December 2018, a total of 7 persons were within the share incentive scheme. Bonuses to be paid based on the earnings period 2016 - 2018 correspond to the value of a maximum total of 180,000 Raisio plc free shares on 31 December 2018 including the part paid in cash.

Share-based scheme 2017 – 2019

In March 2017, Raisio plc’s Board decided on the Group’s new key employees’ share-based incentive scheme for the period of 2017 - 2019. The purpose of the scheme is to combine the objectives of owners and key employees in order to increase the company’s capitalisation value, to commit the key employees to the company and to offer them a competitive reward system based on the company’s share price development and earnings.

The earnings period of the share incentive scheme started on 1 January 2017 and will end on 31 December 2019. Potential bonus of the scheme for the earnings period 2017 - 2019 is based on the company’s Total Shareholder Return (TSR). Bonus payment is dependent on the achievement of the Group’s cumulative profit target (EBT, earnings before taxes) during the earnings period.

Bonuses for the earnings period 2017 - 2019 will be paid in 2020, partly in the company’s free shares and partly in cash. The cash payment is made to cover the taxes and fiscal fees arising from the reward. In case the employment or service of a key employee ends before the bonus payment, as a rule no bonus is paid.

The Board recommends that the key employees within the scheme hold a substantial part of all shares they have received based on the scheme as long as the value of their holdings corresponds to their six months’ gross salary.

On 31 December 2018, a total of 16 persons were within the share incentive scheme. Bonuses to be paid based on the earnings period 2017 - 2019 correspond to the value of a total maximum of 425.000 Raisio plc free shares on 31 December 2018  including the part paid in cash.

Share-based scheme 2018 – 2020 

In March 2018, Raisio plc’s Board decided on the Group’s new key employees’ share-based incentive scheme for the period of 2018 - 2020. The purpose of the scheme is to combine the objectives of owners and key employees in order to increase the company’s capitalisation value, to commit the key employees to the company and to offer them a competitive reward system based on the company’s share price development and earnings. 

The earnings period of the share incentive scheme started on 1 January 2018 and will end on 31 December 2020. Potential bonus of the scheme for the earnings period 2018 - 2020 is based on the company’s Total Shareholder Return (TSR). Bonus payment is dependent on the achievement of the Group’s cumulative profit target (EBT, earnings before taxes) during the earning period.

Bonuses for the earnings period 2018 - 2020 will be paid in 2021, partly in the company’s free shares and partly in cash. The cash payment is made to cover the taxes and fiscal fees arising from the reward. In case the employment or service of a key employee ends before the bonus payment, as a rule no bonus is paid. 

The Board recommends that the key employees within the scheme hold a substantial part of all shares they have received based on the scheme as long as the value of their holdings corresponds to their six months’ gross salary. 

On 31 December 2018, a total of 18 persons were within the share incentive scheme. Bonuses to be paid based on the earnings period 2018 - 2020 correspond to the value of a maximum total of 560,000 Raisio plc free shares on 31 December 2018 including the part paid in cash. 

Share-based scheme 2019 – 2021 

In December 2018, Raisio plc’s Board decided on the Group’s new key employees’ share-based incentive scheme for the period of 2019 - 2021. The purpose of the scheme is to combine the objectives of owners and key employees in order to increase the company’s capitalisation value, to commit the key employees to the company and to offer them a competitive reward system based on the company’s share price development and earnings. 

The earnings period of the share incentive scheme will start on 1 January 2019 and will end on 31 December 2021. Potential bonus of the scheme for the earnings period 2019 - 2021 is based on the company’s Total Shareholder Return (TSR). Bonus payment is dependent on the achievement of the Group’s cumulative profit target (EBT, earnings before taxes) during the earning period.

Bonuses for the earnings period 2019 - 2021 will be paid in 2022, partly in the company’s free shares and partly in cash. The cash payment is made to cover the taxes and fiscal fees arising from the reward. In case the employment or service of a key employee ends before the bonus payment, as a rule no bonus is paid. 

The Board recommends that the key employees within the scheme hold a substantial part of all shares they have received based on the scheme as long as the value of their holdings corresponds to their six months’ gross salary. 

On 31 December 2018, a total of 20 persons were within the share incentive scheme. Bonuses to be paid based on the earnings period 2019 - 2021 correspond to the value of a maximum total of 1,000,000 Raisio plc free shares including the part paid in cash.