Outokumpu announces new share incentive schemes for the CEO

Stock exchange release
February 7, 2019 at 4.55 pm EET

Outokumpu announces new share incentive schemes for the CEO

The Board of Directors of Outokumpu Oyj has approved a new Matching Share Plan (MSP) 2019–2020 and a new Performance Share Plan (PSP) with a two (2) years vesting 2019–2020. The plans are for the CEO only, and the delivery of the MSP will happen in December 2020 while for the PSP in March 2021.

The maximum number of gross shares (taxes included) in the Performance Share Plan that can be allocated is 120,000 shares from which applicable taxes will be deducted. The remaining net value will be delivered to the CEO in Outokumpu shares, if the performance criteria set by the Board are met.

The Matching Share Plan matches CEO’s own investment of 56,296 shares on the basis of three Matching Shares for each share of own investment. The total number of Matching Shares will be 168,888 from which applicable taxes will be deducted. The matching shares are subject to a restriction according to which the CEO keeps his own investment in Outokumpu shares unchanged until the end of 2020.

The reward shares will consist of Outokumpu treasury shares and will, therefore, have no diluting effect.

For more information:

Investors: Tommi Järvenpää, tel. +358 9 421 3466, +358 40 576 0288

Media: Reeta Kaukiainen, tel. +358 50 522 0924

Outokumpu Oyj

Outokumpu is the global leader in stainless steel. We aim to be the best value creator in stainless steel by 2020, through our competitive edge of customer orientation and efficiency. The foundation of our business is our ability to tailor stainless steel into any form and for almost any purpose. Stainless steel is sustainable, durable and designed to last forever. Our customers use it to create civilization’s basic structures and its most famous landmarks as well as products for households and various industries. Outokumpu employs 10,000 professionals in more than 30 countries, with headquarters in Helsinki, Finland and shares listed in Nasdaq Helsinki. www.outokumpu.com