Nixu Corporation launches an all-employee share matching plan and issuance of stock options to key employees
Nixu Corporation
Press release on March 27, 2019 at 15:35 EET
European cybersecurity company Nixu has a growth strategy that includes a goal of being the best place to work for cybersecurity professionals. As part of this strategy, Nixu aims at encouraging employee ownership in the company.
All-Employee Matching Share Plan 2019–2021 and Directed Share Issue 1/2019
Nixu Corporation announced earlier today that the Board of Directors has resolved on the establishment of a matching share plan, the All-Employee Matching Share Plan 2019–2021, directed to all permanent employees of Nixu Corporation and its subsidiaries. The plan is to create an incentive for the Nixu employees to become shareholders or increase their shareholding in Nixu and thereby continue to strengthen and align the interests of the employees, Nixu and its shareholders. And in addition to share Nixu's success with its employees also through the possible increase in the share price and to drive One Nixu -thinking. The participation is voluntary.
The plan consists of a directed share issue against payment (Share Issue 1/2019) whereby Nixu employees are provided an opportunity to subscribe for 50 – 2000 new shares per employee, combined with the right of receiving one matching share free of consideration for each full two New Shares subscribed in the Share Issue after a two-year retention period. The maximum number of shares 100,000 that may be subscribed in the Share Issue is approximately 1.4 per cent of the company’s shares on a fully diluted basis.
Based on the authorization granted by the AGM held on April 25, 2018, the Board of Directors of Nixu Corporation has resolved to approve the Share Issue 1/2019, terms and conditions of which are attached to this release.
Issuance of stock options to key employees
Based on the authorization granted by the AGM held on April 25, 2018, the Board of Directors of Nixu Corporation has decided to issue stock options to be offered selected key personnel of Nixu Group on the enclosed terms and conditions. There are also set performance criteria for the options, that include employee satisfaction, customer satisfaction and the growth rate of the company.
There is a weighty financial ground for the Company for the issuance of the stock options since the stock options are intended to form part of the incentive and commitment program of the key persons and to motivate the key personnel to work on a long-term basis to increase the shareholder value of the company in accordance with the growth strategy.
The maximum number of shares 345,000 which may be subscribed with the stock options is approximately 4.5 per cent of the company’s shares on a fully diluted basis and will be divided in three rounds of allocations.
Nixu Corporation
Appendices:
Terms and conditions of Nixu Corporation Stock Options 2019
Terms and conditions of Nixu Corporation's share issue 1/2019
Further information:
CEO Petri Kairinen, Nixu Corporation
Telephone: +358 40 832 1832, e-mail: petri.kairinen@nixu.com
Distribution:
main media
www.nixu.com
Nixu in Brief:
Nixu is a cybersecurity services company on a mission to keep the digital society running. Our passion is to help organizations embrace digitalization securely. Partnering with our clients we provide practical solutions for ensuring business continuity, an easy access to digital services and data protection. We aim to provide the best workplace to our team of nearly 400 cybersecurity professionals with a hands-on attitude. With Nordic roots we serve enterprise clients worldwide. Nixu shares are listed on the Nasdaq Helsinki stock exchange.
www.nixu.com