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Dovre Group Oyj Board/Management Information 2018
3309_rns_2018-06-01_48e0d1b7-cf2b-4655-b0f0-3bd456449f4e.html
Board/Management Information
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Dovre Group Board Decides on Long Term Incentive Program
Dovre Group Board Decides on Long Term Incentive Program
Dovre Group Plc Stock exchange release June 1, 2018 at 09.00 am
*DOVRE GROUP BOARD DECIDES ON LONG TERM INCENTIVE PROGRAM*
The Board of Directors has decided on a long-term incentive program for the top management of Dovre Group.
The LTI 2018 has a one year earning period, and the key metric is operating profit. Any rewards based on the program will be paid out in shares. The recipients can trade their LTI shares earliest in the spring of 2021. A maximum of 10 persons in Dovre Group senior management, including all members of the Group Executive Team, are selected to participate in the programs.
If the performance targets set for the program are achieved, the aggregate value of rewards paid (ie the total cost to company) of the plan is around 150 kEUR. This estimate is based on the share price on May 30th, 2018.
The purpose of the plan is to align the objectives of the owners and management, and to increase profitability and share price.
For more information please contact
Dovre Group Plc
Patrick von Essen, CEO
Mari Paski, CFO
tel. +358 20 436 2000
**Dovre Group* *is a global provider of project management services. Dovre Group has two business areas: Project Personnel and Consulting. Dovre Group has offices in Canada, Finland, Norway, Russia, Singapore, the UAE and the US, and employs more than 500 people worldwide. Dovre Group is listed on the Nasdaq Helsinki (symbol: DOV1V).
*Distribution*
Nasdaq Helsinki Ltd
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