EAB Group Plc: Correction to the releases published on 31 March 2021 and 27 April 2021 about the transfer of EAB Group’s own shares

EAB Group Plc, Stock Exchange Release, 27 April 2021, 4:00 p.m. (EET)

EAB Group Plc: Correction to the releases published on 31 March 2021 and 27 April 2021 about the transfer of EAB Group’s own shares

The company corrects the number of own shares reported incorrectly in previous stock exchange releases as follows:

On 31 March 2021, EAB Group Plc announced that it has transferred without consideration a total of 1,753 own shares held by the company to its former key employee on 31 March 2021. Following the transfer, the correct number of own shares held by the company was 41,783.

On 27 April 2021, EAB Group Plc announced that it has transferred without consideration a total of 1,289 own shares held by the company to its current key employees on 26 April 2021. The correct number of the transferred own shares is 3 890. Following the transfer, the correct number of own shares held by the company is 37,893.

The transfers are related to the payment of deferred variable remuneration and are in accordance with the Company's remuneration scheme.

The regulation requires that, to the extent that a reward scheme for so-called risk-takers may result in a variable remuneration of more than €50,000 per calendar year, at least 40% of the defined variable remuneration must be deferred over a period of 3–5 years. Up to half of the remuneration payable at any given time may be paid in cash. The non-cash payment must be made in EAB Group Plc shares.

EAB GROUP PLC
Board of Directors

Further information:

EAB Group Plc

Roman Cherkasov, CFO
+358 40 847 5959
roman.cherkasov@eabgroup.fi

Pia Hidén, Head of Legal, Compliance and Risk Management
+358 50 501 1176
pia.hiden@eabgroup.fi

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 88 investment professionals, and more than 20 tied agents provide its services. On behalf of its clients, the Group manages assets of over EUR 3 billion. Explore EAB Group’s services at www.eabgroup.fi.

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