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
DISTRIBUTION:
Nasdaq Helsinki
Major media
www.etteplan.com
Etteplan in brief
We are a rapidly growing technology service company specializing in software and embedded solutions, engineering solutions, and technical communication solutions. We are a forerunner in the engineering industry and we differentiate ourselves by the wide-ranging competence of our experts. Our customers include world’s leading companies in the manufacturing industry. We help them to create a better world through engineering, innovation and digitalization.
Etteplan has lead the way in the engineering field already since 1983. In 2022, we had a turnover of EUR 350.2 million. The company currently has some 4,000 professionals in Finland, Sweden, the Netherlands, Germany, Poland, Denmark and China. Etteplan's shares are listed on Nasdaq Helsinki Ltd under the ETTE ticker. www.etteplan.com