HKScan Corporation                                    Stock Exchange Release     18 December 2015  at 4:20 p.m.


 

HKScan Board of Directors resolves on a key personnel incentive plan

The Board of Directors of HKScan Corporation has approved a share based incentive plan for the Group key personnel for the year 2016. The new plan covers one performance period, year 2016. The potential reward from the performance period will be based on the HKScan Group´s Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) and Earnings per Share (EPS).

Rewards from the performance period will be paid partly in the Company’s A series shares and partly in cash as follows: 50% pay-out in 2017 and 50% pay out in 2018. The cash proportion is intended to cover taxes and tax-related costs arising from the rewards to the key personnel. No reward will be paid, if the key employee’s employment or service ends before reward payment.

The plan is directed to 37 people. The rewards to be paid on basis of the performance period are a maximum approximate total of 366 000 HKScan Corporation series A shares and cash payment corresponding to the value of such shares.


HKScan Corporation
Hannu Kottonen
CEO


Further information is available from Mikko Nikula, Chairman of the Board, HKScan Corporation. Kindly submit a call-back request to Marjukka Hujanen, tel. +358 10 570 6218.


HKScan is the leading Nordic meat expert. We produce, market and sell high-quality, responsibly-produced pork, beef, poultry and lamb products, processed meats and convenience foods under strong brand names. Our customers are the retail, food service, industrial and export sectors, and our home markets comprise Finland, Sweden, Denmark and the Baltics. We export to close to 50 countries. In 2014, HKScan had net sales of approximately EUR 2.0 billion and some 7 700 employees.


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