The Board of Directors of Kemira Oyj has decided on the maximum number of shares, which may be granted under the Restricted Share Plan during the year 2025
Kemira Oyj, Stock Exchange Release, December 16, 2024 at 4.00 pm (EET)
The Board of Directors of Kemira Oyj has decided on the maximum number of shares, which may be granted under the Restricted Share Plan during the year 2025
Kemira’s Board of Directors has decided on the maximum number of shares, which may be granted under the Restricted Share Plan (RSP) during the year 2025.
The aim of the Restricted Share Plan is to function as a complementary share-based incentive tool to combine the objectives of the shareholders and the persons participating in the plan to increase the value of Kemira and to commit the participants to Kemira. In particular, the Restricted Share Plan can be used as a commitment instrument in specific executive recruitment situations. The terms allow the plan to be used with careful consideration also in retention situations.
The Restricted Share Plan is continuous. The Board approves for each calendar year an annual quota of shares, which can be granted within the respective year under the RSP. The annual quota means a gross number of shares (referring to gross earnings before the withholding of the applicable payroll tax). The total amount of shares offered during the year cannot exceed the respective quota approved by the Board.
The plan offers participants an opportunity to receive a predetermined number of company’s shares after a specific restriction period, which can vary from twelve (12) to forty (40) months with a decision by the Board of Directors. A reward means a conditional right to receive shares. The reward is paid partly in Kemira shares and partly in cash. The cash portion covers taxes and tax-related costs arising from the reward to the participant. As a rule, no reward will be paid, if a participants employment or service ends before the reward payment.
The company may apply earning criteria in addition to the continuation of the employment.
Restricted Share Plan 2025
The maximum amount of shares that may be granted under the Restricted Share Plan in year 2025 is 96,090 Kemira shares (referring to gross earnings before the withholding of the applicable payroll tax).
In addition to the restricted share plan, Kemira also has performance-based long-term incentive arrangements. Further information on Kemira’s share-based long-term incentive is available in the stock exchange releases published on December 16, 2021 and December 16, 2024.
For more information, please contact:
Kemira Oyj
Mikko Pohjala, Vice President, Investor Relations
Tel. +358 40 838 0709
mikko.pohjala@kemira.com
Kemira is a global leader in sustainable chemical solutions for water-intensive industries. Our customers include industrial and municipal water treatment operators, and pulp & paper industry among others. We provide the best-suited products and services to improve our customers’ product quality, process, and resource efficiency. Our focus is on water treatment, renewable solutions, and digital services. In 2023, Kemira had annual revenue of around EUR 3.4 billion and around 5,000 employees. Kemira shares are listed on the Nasdaq Helsinki Ltd. www.kemira.com