Elisa's Board of Directors resolved on new share-based incentive plan for key personnel

ELISA CORPORATION STOCK EXCHANGE RELEASE, 1 FEBRUARY 2023 AT 9:20 AM

On 30 January 2019, Elisa's Board of Directors decided to establish the Restricted Share Plan 2019. According to the decision, the total number of awards payable under the Plan in 2019–2025 could amount to a maximum of 500,000 Elisa Corporation shares, including the cash portion. So far, 36,000 shares have been allocated under the scheme.

On 1 February 2023, Elisa's Board of Directors decided to establish a new Restricted Share Plan 2023, which is intended to be used as a tool in situations deemed necessary by the Board, for example to ensure the commitment of key personnel in the company, to attract new talent or in other special situations determined by the Board. The target group of the Restricted Share Plan 2023 includes separately identified key employees of the Elisa Group. The vesting periods are between 12 and 36 months. The payment of the reward is subject to the key employee's employment or service relationship being in force at the time of payment of the bonus. 

The rewards payable under the scheme in 2023–2027, together with the rewards payable under the Commitment Share Bonus Scheme 2019, amount to a maximum of 500,000 Elisa Corporation shares, including the cash portion. 

No awards have been allocated from the Restricted Share Plan 2023 so far.

ELISA CORPORATION

Mr. Vesa Sahivirta
IR Director
tel. +358 50 520 5555

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