ELISA'S BOARD OF DIRECTORS RESOLVED ON INCENTIVE PLANS FOR KEY PERSONNEL

12/19/2011, 4:36 PM (Source: GlobeNewswire)

Elisa-0.95%

54.32
Chart for: Elisa Corporation
ELISA STOCK EXCHANGE RELEASE 19 DECEMBER 2011 AT 5.35 PM

Elisa's Board of Directors has approved two new share-based incentive plans for
key personnel.

The first, the Performance Share Plan includes three performance periods,
calendar years 2012-2014, 2013-2015 and 2014-2016. The rewards will correspond
to the value of maximum approximately 3.3 million Elisa shares. The Board of
Directors will decide on the Plan's performance criteria and their targets at
the beginning of each performance period.

The Plan's potential reward from the performance period 2012-2014 will be based
on the increase of the Consumer Customer and Corporate Customer segments' new
business revenue and on Elisa's earnings per share (EPS). The reward will be
paid partly in the company's shares and partly in cash in 2015. The cash
proportion is intended to cover taxes and tax-related costs arising from the
reward to the key person. No reward will be paid, if a key person's employment
ends before the reward payment. The Plan is directed to approximately 160 people
and the rewards will correspond to the value of maximum approxmately 1 million
Elisa shares including the proportion to be paid in cash.

The second, the Restricted Stock Plan covers the calendar years 2012 - 2018. The
potential rewards of the Plan are based on about three year retention periods.
No reward will be paid, if a key person's employment ends before the reward
payment. The rewards to be paid on the basis of this stock plan correspond to
the value of maximum 0.5 million Elisa shares including also the proportion to
be paid in cash.

ELISA CORPORATION

Vesa Sahivirta
Director, IR and Financial Communication
tel. +35810 262 3036

Distribution:
NASDAQ OMX Helsinki
Major Media
www.elisa.com







This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Elisa Oyj via Thomson Reuters ONE

[HUG#1572451]
Copyright GlobeNewswire, Inc. 2016. All rights reserved.
You can register yourself on the website to receive press releases directly via e-mail to your own e-mail account.