Assignment of Vacon's own shares under Vacon Plc's Share Ownership Plan for the 2013 earning period

Vacon Plc, Stock Exchange Release, 14 February 2014 at 1.45 p.m. (EET) The Board of Directors of Vacon has confirmed that the bonus for 2013 within the framework of the Share Ownership Plan is 32.6% of the maximum amount. The Board decided to assign the total of 24,088 shares in Vacon Plc held by the Company without consideration to the bonus recipients as the share portion of the total bonus. The bonus for the 2013 earning period is based on the Vacon Group's revenues, operating profit and rate of working capital turnover, and it will be paid in 2014, partly in company shares and partly in cash. The bonus recipients include 74 persons in corporate management and other personnel. The handover date for the shares is 28 March 2014. After handing over these shares, the Company holds 27,749 own shares. The Share Ownership Plan included three earning periods, calendar years 2011, 2012 and 2013. The Board of Directors of the Company has decided on the target group, the Plan's earnings criteria and on targets to be established for them at the beginning of each earning period. The shares paid on the basis of earning periods may not be transferred during the restriction period, which will end after two years from the expiry of each earning period. Should an employment or a service of a person within the target group end during the restriction period, he or she must, without consideration, return to the Company the shares given as reward. The members of the Executive Management Team must hold a half of the shares received on the basis of the incentive plan as long as the value of his or her shareholding in total corresponds to the value of his or her gross annual salary. Such number of shares must be held as long as his or her employment or service in a Group company continues. VACON PLC Further information: * Vesa Laisi, President and CEO, phone +358 (0)40 8371 510, vesa.laisi(at) * Sebastian Linko, Director, Corporate Communications and Investor Relations, +358 (0)40 8371 634, sebastian.linko(at) Vacon in brief Vacon is driven by a passion to develop, manufacture and sell the best AC drives and inverters in the world - and provide customers with efficient product lifecycle services. Our AC drives offer optimum process control and energy efficiency for electric motors. Vacon inverters play a key role when energy is produced from renewable sources. Vacon has production and R&D facilities in Europe, Asia and North America, and sales offices in 30 countries. Further, Vacon has sales representatives and service partners in nearly 90 countries. In 2013, Vacon's revenues amounted to EUR 403.0 million, and the company employed globally approximately 1,600 people. The shares of Vacon Plc (VAC1V) are quoted on the main list of the Helsinki stock exchange (NASDAQ OMX Helsinki). Driven by Drives, Distribution: NASDAQ OMX Helsinki Financial Supervisory Authority Main media This announcement is distributed by GlobeNewswire on behalf of GlobeNewswire clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Vacon Oyj via GlobeNewswire [HUG#1762123]