SAMPO OYJ

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Sampo Oyj Sampo To Launch A New Long-term Incentive Scheme

08/05/2020 | 05:30am
TIDMSAMPO 
 
   SAMPO PLC        STOCK EXCHANGE RELEASE             5 August 2020 at 
12:15 pm 
 
 
 
 
 
   Sampo to launch a new long-term incentive scheme 
 
   Sampo plc's Board of Directors has today decided to adopt a new 
long-term incentive scheme 2020:1 for the management (including the 
Group CEO) and other key employees of Sampo Group. Sampo Board Members 
are not included in the scheme. The total number of participants in the 
long-term incentive scheme is approximately 115. The incentive scheme 
complies with the Sampo Group Remuneration Principles and the 
remuneration policies of the relevant Sampo Group companies in force at 
the launch of this incentive scheme. The new incentive scheme 
corresponds to the incentive schemes in force in Sampo Group. 
 
   The maximum number of the incentive units shall be 4,500,000 in total 
for the Group. A maximum of 90 per cent of the incentive units may be 
allocated during August to September 2020 and the remaining incentive 
units may be allocated during August to September 2021 and August to 
September 2022. The two latter allocations may be directed to new 
recruits or to current employees with materially changed circumstances 
or holding a position of increased strategic importance. 
 
   The allocation of incentive units shall be based on a combination of the 
assessment of the performance of the individual, of the business area 
and/or business unit concerned and of the overall results of the 
relevant Sampo Group company, the division and/or of Sampo Group. Also 
qualitative criteria shall be taken into account in the assessment, such 
as the compliance with internal and external rules for the business. 
 
   The potential incentive reward will be paid in three installments. A 
deferral rule applies to incentive rewards paid to key employees who are 
subject to the deferral rule in accordance with the remuneration 
policies of the relevant Sampo Group companies in force at the launch of 
this incentive scheme. 
 
   The incentive rewards to be paid shall be based on the share price 
development of the Sampo A share, on the return on capital at risk and 
on the number of theoretical incentive units granted. The threshold 
values for the performance conditions are presented in the terms and 
conditions of the incentive scheme 2020:1 available at 
www.sampo.com/incentiveterms. The starting price and a theoretical 
market price for the scheme are available at the same address in week 
37. The value of one incentive unit shall not to be more than the 
trade-weighted average price of the Sampo A share on Nasdaq Helsinki Ltd 
during 25 trading days commencing the day after Sampo plc's publication 
of its Half-Year Financial Report in 2020 plus EUR 24. 
 
   The core of the Remuneration Principles of Sampo Group is that all 
remuneration systems in Sampo Group shall safeguard the long-term 
financial stability of the Group and shall comply with regulatory and 
ethical standards. Risk sensitive but fair and rewarding compensation 
mechanisms enhance Sampo Group's ability to create stakeholder and 
shareholder value. 
 
   SAMPO PLC 
 
   Jarmo Salonen 
 
   Head of Investor Relations and Group Communications 
 
 
 
 
 
   For further information, please contact: 
 
   Jarmo Salonen 
 
   Head of Investor Relations and Group Communications 
 
   tel. +358 10 516 0030 
 
   Maria Silander 
 
   Communications Manager 
 
   tel. +358 10 516 0031 
 
   Distribution: 
 
   Nasdaq Helsinki 
 
   London Stock Exchange 
 
   The principal media 
 
   Financial Supervisory Authority 
 
   https://www.globenewswire.com/Tracker?data=shgg6BcM7a4_1rwwHNm5ic7ad96gkyyuttX4wVGgX9orReB6eMmj1xTyTIEWyKvXGrlmExFJDBWErxixuQx7Vw== 
www.sampo.com 
 
 
 
 

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