Ahlstrom's Board of Directors approves share-based incentive plan for years 2008-2012

Ahlstrom Corporation STOCK EXCHANGE RELEASE 01.02.2008

 

Ahlstrom's Board of Directors has approved a share-based long term incentive plan for the Corporate Executive Team (CET) as part of the remuneration and commitment program for the CET.

 

The plan will last for five years, comprising three earning periods of three calendar years (2008, 2009 and 2010). The plan offers a possibility to receive Ahlstrom shares and cash (equaling the amount of taxes of the total reward) as a reward, if the Earnings Per Share (EPS) targets set by the Board for each earning period are achieved.

 

If the targets of the plan are attained in full for all three earning periods, the reward to be paid on the basis of the plan will in its entirety correspond to a gross value of 500,000 shares as a maximum.

 

The Board recommends that the President & CEO owns shares in the Company, corresponding in value to his annual net salary and that the other CET members own shares in the Company, corresponding in value to half of their annual net salary.

 

At the same time a cash-based long term incentive plan for 2008-2010 was approved for other key employees of the Ahlstrom Group.

 

 

Gustav Adlercreutz, Senior Vice President, Administration, and General Counsel, Ahlstrom Corporation, tel. +358 (0)10 888 4727

 

Distribution:
OMX Nordic Exchange Helsinki
Main media
www.ahlstrom.com

 

 

 

Ahlstrom is a global leader in the development, manufacture and marketing of high performance fiber-based materials. Nonwovens and specialty papers, made by Ahlstrom, are used in a large variety of everyday products, such as filters, wipes, flooring, labels, and tapes. Based upon its unique fiber expertise and innovative approach, the company has a strong market position in several business areas in which it operates. Ahlstrom's 6,500 employees serve customers via sales offices and production facilities in more than 20 countries on six continents. In 2007, Ahlstrom's net sales amounted to EUR 1.8 billion. Ahlstrom's share is listed on the OMX Nordic Exchange Helsinki. The company website is www.ahlstrom.com.