Transfer of Musti Group plc’s own shares for incentive plan reward payment

Musti Group plc                                             Stock Exchange release                                27 January 2023 at 2pm

Transfer of Musti Group plc’s own shares for incentive plan reward payment

The Board of Directors of Musti Group plc has decided on a directed share issue without consideration for the reward payments based on the Performance Share Plan 2020-2024, performance period 2020-2022 in accordance with the terms and conditions of the plan. In the share issue, 96,434 Musti Group shares held by the company will be transferred gratuitously on 27 January 2023 to the participants who are entitled to reward on the basis of performance period 2020-2022.

The resolution on the directed share issue is based on the authorization granted to the Board of Directors by the Annual General Meeting of Shareholders held on 27 January 2022.

The company holds 147,566 own shares after the transfer of shares.

Essi Nikitin

Head of Investor Relations and Communications

tel. +358 50 5811455

Distribution:
Nasdaq Helsinki
Principal media
www.mustigroup.com

Musti Group in brief

Musti makes the life of pets and their owners easier, safer and more fun. We are the leading Nordic pet care company, and we operate an omnichannel business model to cater for the needs of pets and their owners across Finland, Sweden and Norway. We offer a wide, curated assortment of pet products. We also provide pet care services such as grooming, training and veterinary services in selected locations.

Musti Group’s net sales were EUR 391 million in the financial year 2022. At the end of the financial year 2022, the company had 1,587 employees, 1.5 million loyal customers and 335 stores.