The Board of Directors of Noho Partners Plc has resolved to establish a performance share plan for the key employees of the company as well as on the first earning period of the plan

NoHo Partners Plc, Stock Exchange Release, 12 February 2025 at 07:45 EET

The Board of Directors of Noho Partners Plc has resolved to establish a performance share plan for the key employees of the company as well as on the first earning period of the plan

The Board of Directors of Noho Partners Plc has resolved to establish a performance share plan for the key employees of the company. The aim of the incentive plan is to combine the objectives of the shareholders and the key personnel in order to increase the value of the company as well as to engage the key personnel to the company and to offer them a competitive incentive plan based on share ownership and development of the company’s value.

The new performance share plan contains three earning periods between 1 January 2025 and 31 December 2028. The company’s Board of Directors determines the reward criteria and their target levels as well as the key employees covered by the incentive plan before the beginning of each earning period. The first 24 months earning period starts on 1 January 2025 and ends on 31 December 2026.

After the first earning period a maximum amount of 275,000 Noho Partners Plc’s shares can be paid as reward to the key employees based on achieving growth goals essential to the business of the company as determined by the Board of Directors. The reward criteria set for the first earning period are based on the profitability of the company's business.

The reward earned for the first earning period will be paid to the key employees after the end of the earning period, after the approval of the financial statements for financial year 2026. The payment of the reward is subject to the condition that the key employee’s employment or service relationship has not been terminated or cancelled by such key employee or by the company prior to the payment of the reward. The incentive plan will cover 10 people in the first earning period.

Additional information
Timo Laine, Chairman of the Board, tel. +358 40 062 6064

NoHo Partners Plc

NoHo Partners Plc is a Finnish group established in 1996, and it specialises in restaurant services being the creative innovator of the Northern European restaurant market. The company was listed in Nasdaq Helsinki in 2013 becoming the first Finnish listed restaurant company, and it has continued to grow strongly throughout its history.

The Group companies include some 300 restaurants in Finland, Denmark, Norway and Switzerland. The well-known restaurant concepts include Elite, Savoy, Teatteri, Sea Horse, Stefan’s Steakhouse, Palace, Löyly, Friends & Brgrs, Campingen, Cock’s & Cows and Holy Cow!. Depending on the season, NoHo Partners employs approx. 2,800 people converted into full-time employees, and in 2023, company’s turnover amounted to approx. MEUR 370. NoHo Partners’ vision is to be the leading restaurant operator in Northern Europe. More information is available at noho.fi/en.