Metsäliitto Cooperative has recently announced the new ownership system of members of Metsäliitto Group’s Executive Management, the purpose of which is to encourage members of Metsäliitto Group’s Executive Management to acquire and own M-real’s shares and, through this, to increase Metsäliitto Group’s shareholder value over the long term and to support the achievement of strategic targets. Through the system, the management of Metsäliitto Group personally invest a considerable amount of their own funds in M-real’s B series shares.
Mikko Helander, CEO of M-real Corporation, takes part in the ownership system of Metsäliitto Group’s Executive Management. For Helander’s part, the new system replaces the company’s earlier share bonus system under which the other members of M-real Corporation’s management team continue. Helander is not entitled to the potential share bonus for the 2010 financial period under the old system.
Helander invests about EUR 500,000 of his own capital in the holding company. The holding company purchases M-real's B series shares using its own capital and debt capital. Shares will be purchased for Helander for the worth of about EUR 2.5 million. CEO Helander is tied to the holding company and, through that, to indirect ownership of M-real’s shares until the end of 2013 on a preliminary basis.
