Amer Sports board of Directors agree on long-term incentive plan for key personnel

The Amer Sports Corporation Board of Directors has agreed to establish a new share-based incentive plan for the Group's key personnel.

 

The Plan's reward will be paid in 2008, in part as Company shares and partially in cash. The cash payment will cover taxes and tax-related costs arising from the reward. Of the shares, 25% will be transferable as of April 2010, 25% as of April 2011, and 50% as of April 2012.

 

The rewards to be paid based on this Plan will correspond to a maximum value of approximately 400,000 Amer Sports Corporation shares (including the cash payment).

 

In order to implement the Plan, the Board of Directors proposes to the Annual General Meeting of Shareholders that it authorize the Board of Directors to resolve the re-purchase of its own shares and issue of shares.

 

AMER SPORTS CORPORATION

Communications

 

 

Ms Maarit Mikkonen

Communications Manager

Tel. +358 9 7257 8306, e-mail: maarit.mikkonen@amersports.com

 

 

DISTRIBUTION:

Helsinki Stock Exchange

Major media

 

 

AMER SPORTS CORPORATION

Amer Sports (www.amersports.com) is the world's leading sports equipment company with internationally recognized brands including Salomon, Wilson, Precor, Atomic and Suunto. All Amer Sports companies develop and manufacture technically advanced products that improve the performance of active sports participants. The Group's business is balanced by its broad portfolio of sports and presence in all major markets.