UPM approves commencement of new plans for 2012-2014 within its two long-term share incentive programs, including Performance Share Plan, Deferred Bonus Plan, covering 600 participants

Kendall Sinclair

Kendall Sinclair

Feb 1, 2012 – UPM

HELSINKI , February 1, 2012 (press release) – UPM’s Board of Directors has approved the commencement of new plans for the period 2012 – 2014 within the company’s two long-term share incentive programmes: the Performance Share Plan and the Deferred Bonus Plan.

The earning criteria for the earning period 2012-2014 of the Performance Share Plan are the cumulative operating cash flow and the cumulative earnings per share (EPS) during 2012 – 2014.

The earning criteria for the Deferred Bonus Plan are based on the targets set under the UPM short-term incentive plan. The plan for the period 2012-2014 consists of a one-year earning period (2012) and a thereafter following two-year restriction period (2013-2014).

The two share incentive plans for the period 2012-2014 cover in total approximately 600 participants. In case all the set performance targets are met in full, the estimated total maximum number of shares to be delivered under the two share incentive plans is 3,200,000 shares. The above indicated estimate of the maximum share rewards represents the gross value of the rewards of which the applicable taxes will be deducted before the shares are delivered to the participants.

Share delivery will be executed by using already existing shares and the plans, therefore, have no dilutive effect. Besides the attainment of the performance criteria the share reward is under both plans subject to the continuation of the employment relationship. The share rewards earned on the basis of the plans for the period 2012-2014 will be delivered in 2015.

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.


About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025 795

+1 (310) 558 0008
+1 (310) 558 0080 (FAX)

About Cookies On This Site

We collect data, including through use of cookies and similar technology ("cookies") that enchance the online experience. By clicking "I agree", you agree to our cookies, agree to bound by our Terms of Use, and acknowledge our Privacy Policy. For more information on our data practices and how to exercise your privacy rights, please see our Privacy Policy.