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A new share-based incentive programme for Lassila & Tikanoja’s key personnel

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Helsinki, Finland, 2012-12-18 07:00 CET (GLOBE NEWSWIRE) --
Lassila & Tikanoja plc  Stock Exchange Release   18 December 2012 8.00 am

Lassila & Tikanoja plc’s Board of Directors decided at a meeting held on 17 December 2012 on a new share-based incentive programme to form a part of the incentive and commitment scheme for the company’s key personnel.

The programme’s earnings period begins on 1 January 2013 and ends on 31 December 2013. Potential rewards will be paid during the year following the earnings period partly as shares and partly in cash. Potential rewards to be paid for the year 2013 will be based on the EVA result of Lassila & Tikanoja group.

No reward will be paid if a key person’s employment ends before the reward payment. Any shares earned through the incentive programme shall be held for a minimum period of two years following the payment. After that, the Group Executives are still required to hold company shares with a value equal to their gross salary for six months and the other programme participants with a value equal to their gross salary for three months as long as they are employed by the company. The programme covers 10 persons.

A maximum total of 53,300 Lassila & Tikanoja plc shares may be paid out on the basis of the programme. Their value corresponds to EUR 0.6 million calculated using the closing price of 17 December 2012. A maximum cost of the programme in total will be EUR 1.2 million.

The shares to be paid out as potential rewards will be transferred from the shares held by the company, and therefore the incentive programme will have no diluting effect on the share value. 


Pekka Ojanpää
President and CEO


For additional information please contact
Pekka Ojanpää, President and CEO, tel. +358 10 636 2810 or
Keijo Keränen, Head of Treasury and IR, tel. +358 50 385 6957.

Lassila & Tikanoja specialises in environmental management and property and plant support services. With operations in Finland, Sweden, Latvia and Russia, L&T employs 9,100 persons. Net sales in 2011 amounted to EUR 652 million. L&T is listed on NASDAQ OMX Helsinki.

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