Rovio Entertainment Corporation Stock Exchange Release
The Board of Directors of
The objective of the Performance Share Plan is to motivate the key employees to work to increase shareholder value in the long term by offering them a share-based reward for achieving the set performance criteria established by the Board of Directors of Rovio.
The Performance Share Plan consists of three (3) annually commencing performance periods, covering the consecutive calendar years of 2020, 2021 and 2022. Each performance period is directly followed by a one-year waiting period. Waiting periods cover calendar years 2021, 2022 and 2023. The Performance Share Plan offers the participants a possibility to earn shares for reaching the required levels set for the performance criteria. The performance criteria for the plan are Rovio’s Adjusted Operating Profit (EBIT, %,
The potential rewards will be paid partly in shares and partly in cash after the end of each relevant waiting period in spring 2022, 2023 and 2024. The cash proportion is intended to cover taxes and tax-related costs arising from the rewards. As a rule, no reward will be paid if a participant´s employment or service ends before the reward payment.
The rewards to be paid on the basis of the performance period 2020 correspond to the value of an approximate maximum total of 738,000
A member of the Leadership Team must hold 50 per cent of the net shares received within the Performance Share Plan until the member´s total shareholding in the company corresponds to the value of 50 per cent of the member´s annual gross salary as long as the membership in the Leadership Team continues.
Rovio’s Restricted Share Unit (RSU) Plan will continue as published on
The Board of Directors
Further information:
Kati Levoranta, CEO, tel. +358 207 888 300
Distribution:
Key media
www.rovio.com
About Rovio:
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