Payment of Etteplan’s share rewards based on the incentive plan 2020‒2022 for key personnel

Etteplan Oyj, Stock Exchange Release, March 24, 2023 at 1:00 p.m. EET 

Payment of Etteplan’s share rewards based on the incentive plan 2020‒2022 for key personnel

Etteplan’s Board of Directors has on March 24, 2023 confirmed the maximum number of shares, 88,125, earned based on the earning period 2020‒2022 of the share-based incentive plan for the company's key personnel, and resolved on the payment of the share rewards from the shares held by the company. In addition, Etteplan will pay in cash a proportion to cover taxes and tax-related costs arising from the reward to the some 25 people belonging to the target group of the incentive plan. The share rewards will be paid at the end of April, 2023.

Etteplan Oyj announced the establishment of this share-based incentive plan with a Stock Exchange Release published on February 5, 2020:

”The Board of Directors of Etteplan Oyj decided on February 5, 2020, to establish a new share-based incentive plan for the Group’s key personnel. The incentive plan includes one earning period comprising the calendar years 2020‒2022. The earnings criteria are Etteplan Group’s revenue increase and the development of Total Shareholder Return (TSR). The potential reward will be paid partly in the company’s shares and partly in cash. The proportion to be paid in cash is intended to cover taxes and tax-related costs arising from the reward to the key personnel. Approximately 25 people belong to the target group of the incentive plan. The rewards to be paid on the basis of the plan will correspond to the value of an approximate maximum total of 390,000 Etteplan Oyj shares (including also the proportion to be paid in cash). The shares to be paid out as potential rewards will be transferred from the shares held by the company or shares acquired from the market and, therefore, the incentive plan will have no diluting effect on the value of the share.”

Etteplan Oyj

Board of Directors
 

For more information, please contact:
Juha Näkki, President and CEO, tel. +358 010 307 2077
Outi Torniainen, SVP, Marketing and Communications, tel. +358 10 307 3302                                         
 

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www.etteplan.com