Cramo Plc Stock Exchange Release 2 October 2018 at 9.00 am (EET)
Cramo Board resolved to launch new plan period in One Cramo Share Plan
The Board of Directors of Cramo Plc has resolved to launch a new plan period 2019 in the One Cramo Share Plan established in 2012. The details of the new plan period will mainly be conformed to follow the previous years’ particulars.
A total of 923 Cramo employees have become shareholders in Cramo through the One Cramo Share Plan since its initiation. All persons participating in the key employee performance share plan also participate in the One Cramo Share Plan.
The new plan period is the calendar year 2019. The maximum savings amount per participant during one month is 5 per cent of gross salary and the minimum is 2 per cent. Each participant will receive one free matching share for every two acquired savings shares. Matching shares will be delivered to a participant if the participant holds the acquired shares from the plan period until the end of the designated holding period, 15 May 2022, and if his or her employment has not been terminated before this date for reasons related to the employee. The total amount of all savings during the commencing plan period may not exceed 4 million euros.
An employee will participate in the plan for one plan period at a time. Shares will be acquired with the accrued savings at the market price quarterly, after the publication dates of the Cramo interim results, commencing in May 2019. Any dividends paid on purchased shares as well as on matching shares during the ongoing and commencing plan periods will automatically be reinvested into additional shares on the following purchase date. These shares will have an equal right to matching shares.
Mr Leif Gustafsson, President and CEO, tel: +358 10 661 10
Nasdaq Helsinki Ltd.
Cramo is Europe’s second largest rental services company specialising in construction machinery and equipment rental and rental-related services as well as the rental of modular space. Cramo operates in about 300 depots in fourteen countries. With a group staff around 2,500, Cramo's consolidated sales in 2017 was EUR 729.5 million. Cramo shares are listed on Nasdaq Helsinki Ltd.