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It is the goal of the Andritz Share Option Plans (SOP) to bind the amounts of variable salary parts directly to both the development of the share price of the corporation and the earnings per share. This is to increase management orientation to the goals of the corporate shareholders and its participation in the success achieved.
A requirement to participate in the SOP is that Managers must invested at least EUR 20,000 in shares from their own resources, and the Members of the Managing Board at least EUR 40,000.
Approx. 50 to 60 executives of the Andritz Group as well as the members of the Managing Board have participated in this SOP. The number of options granted to the different Managers varied, depending on the area of responsibility. The options are to be drawn from the pool of shares bought back under the corporate buy-back program.
On account of the share split in a ratio of 1:4, adopted by the Annual General Meeting of Shareholders held on March 29, 2007 and registered in the Companies Register on April 24, 2007, each no par value share mentioned in the Share Option Program for 2006, which is available for download below, now equals four no par value shares.
Share Option Plan 2008 (approved by the 101st AG of Andritiz on 27 March 2008)
Share Option Plan 2006 (approved by the 99th AGM of Andritz on 29 March 2006)
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