New special share-based incentive programme
Company Announcement
Copenhagen, 9 August 2023
No. 21/2023
New special share-based incentive programme
ISS A/S, a leading workplace experience and facility management company, has today implemented a new special share-based incentive programme (the "SIP").
The SIP is a programme that serves as a tool for general retention and talent attraction purposes and participants of the programme will comprise certain executives and other key leaders within the ISS Group.
Participants under the SIP will be granted a number of restricted share units (“RSUs”) which entitle the participant, subject to vesting occurring, to receive a number of existing shares in the Company without payment of any consideration, equal to the integral number of RSUs vested which have not lapsed.
The RSUs under the SIP will be subject to a vesting period as determined by the Board of Directors at grant. The vesting period for the initial grants under the SIP will cover the period from the relevant date of grant until 1 March 2025. The SIP is expected to be a revolving programme with the next annual grant to be made starting 1 March 2024.
Vesting of RSUs granted under the SIP is conditional upon the participant remaining employed with an ISS Group company.
Based on the number of expected participants in the SIP, the initial grants made in connection with the implementation of the SIP will comprise up to 71,000 shares in total. The theoretical fair value has been estimated to DKK 10 million, which will be funded by a reduction in the grant of the ordinary long-term incentive programme (LTIP).
Future RSU grants under the SIP from 2024 and forward shall be made at the sole discretion of the Board of Directors and are expected to comprise no more than 71,000 shares of DKK 1 each in total on an annual basis.
For investor enquiries
Jacob Johansen, Head of Group Investor Relations, +45 21 69 35 91
Kristian Tankred, Senior Investor Relations Manager, +45 30 67 35 25
For media enquiries
Kenni Leth, Director of External Communications, +45 51 71 43 68
About ISS
ISS is a leading, global provider of workplace and facility service solutions. In partnership with customers, ISS drives the engagement and well-being of people, minimises the impact on the environment, and protects and maintains property. ISS brings all of this to life through a unique combination of data, insight and service excellence at offices, factories, airports, hospitals and other locations across the globe. ISS has more than 350,000 employees around the globe, who we call “placemakers”. In 2022, Group revenue was DKK 76.5 billion. For more information on the ISS Group, visit www.issworld.com.
ISS A/S, ISIN DK0060542181, ISIN US4651472056, ISS Global A/S, ISIN XS2013618421, ISIN XS1145526825, ISIN XS1673102734, ISS Finance B.V., ISIN XS2199343513
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