EAB Group Plc: Changes to the key employees’ Performance Share Plan

EAB Group Plc, Stock Exchange Release, 9 December 2021, 5:40 p.m. (EET)

EAB Group Plc: Changes to the key employees’ Performance Share Plan

The Board of Directors of EAB Group Plc has decided 9 December 2021 to change the key employees’ Performance Share Plan. The Board of Directors decided 7 August 2020 to establish a new share-based incentive plan for the Group key employees. The introduction of the plan and the key terms and conditions have been announced in a stock exchange release 7 August 2020.

The Board of Directors has decided on the details of the new performance period of the share-based incentive plan and to amend the terms of the plan so that the reward for the performance periods starting in 2021 and 2022 will be paid in one instalment, one year after each performance period and with no waiting period regarding the reward.

The potential reward from the performance period 1.8.2021–31.7.2023 is based on the Total Shareholder Return of the EAB Group Plc share. The target group of the plan during the performance period includes 9 key employees, including the members of the company’s Executive Group. The rewards to be paid for the performance period 2021–2023 equals to a maximum of 260,000 EAB Group Plc shares, also including the proportion to be paid in cash.

The performance period 2021–2023 will be followed by a one-year commitment period, after which any reward for the performance period will be paid in one instalment in autumn 2024, partly in company shares and partly in cash.

EAB GROUP PLC
Board of Directors

Further information:

EAB Group Plc

Daniel Pasternack, CEO
+358 50 569 3416
daniel.pasternack@eabgroup.fi

Therese Cedercreutz, Chair of the Board
+358 40 544 2502
therese.cedercreutz@miltton.com

Elite Alfred Berg offers responsible investment and asset management services for private investors, institutions and professional investors. Elite Alfred Berg is the marketing name of the EAB Group. The Group's parent company EAB Group Plc’s shares are listed on the Nasdaq Helsinki stock exchange. The Group companies include EAB Asset Management Ltd, which offers asset management activities, and EAB Fund Management Ltd, which acts as a fund company and authorised alternative investment fund manager. The Group’s customer base consists of individuals and corporations that are served nationwide in 13 different locations. The Group employs 93 investment professionals, and more than 20 tied agents provide its services. On behalf of its clients, the Group manages assets of EUR 3.8 billion. Explore EAB Group’s services at www.eabgroup.fi.

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