Fondia continues employee share savings plan for the 2024–2025 savings period
Fondia Plc
Company release
29.11.2023 at 9.30 a.m. EET
In autumn 2018, the Board of Directors of Fondia Plc (the "Company") decided to introduce an employee share savings plan (the “ESSP”) for the Group's employees. The ESSP has so far consisted of five twelve-month savings periods from 2019 to 2024.
The Company's Board of Directors has now decided to extend the ESSP for the 2024–2025 savings period.
The ESSP is open to all Fondia Group’s employees, excluding trainees. The 2024–2025 savings period will start on 1 March 2024 and end on 28 February 2025. The minimum monthly savings amount for a person participating in the 2024–2025 savings period is EUR 50, and the maximum monthly savings amount is EUR 500.
Participation in the ESSP is for one savings period at a time. The accumulated savings will be used to acquire Fondia Plc shares at market price twice a year after the publication of the Company's half-yearly financial report and financial statements release. According to the terms of the ESSP, the Company’s Board of Directors decides on the method of acquisition of the savings shares.
Each participant will receive one additional share from the Company free of charge (before taxes) for every two savings shares acquired. The additional shares for the 2024–2025 savings period will be granted to the participant if he or she owns the savings shares acquired during the savings period and his or her employment contract is valid until the end of the holding period on 28 February 2027. The additional shares are paid partly in Company shares and partly in cash. The monetary contribution aims to cover the taxes and tax-related charges incurred by the participant.
Fondia Plc
Board of Directors
Further information:
Juha Sarsama, Chair of the Board, tel. +358 40 774 2099
Certified Adviser Aktia Alexander Corporate Finance Oy, tel. +358 50 520 4098
Fondia in brief
Fondia solves the legal needs of companies by combining the best services from internal legal departments and law firms. Fondia operates in Finland, Sweden, Estonia, and Lithuania, and the Group’s net sales in 2022 were €24.6 million. Fondia employs over 190 people.
Distribution:
Nasdaq Helsinki Ltd
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