Share rewards from Outokumpu’s share-based incentive programs
Outokumpu Oyj
Stock exchange release
February 9, 2023 at 11.00 am EET
Share rewards from Outokumpu’s share-based incentive programs
Outokumpu’s Board of Directors has approved the share rewards from Outokumpu’s share-based incentive programs, Performance Share Plan and Restricted Share Pool.
For the Performance Share Plan’s plan period 2020–2022, the targets were met in full. Therefore, 1,298,701 gross shares will be delivered to the participants by the end of April 2022.
In the Restricted Share Pool, the participants will receive 145,400 gross shares of the plan period 2020–2022, 67,499 gross shares of the plan period 2021–2023 (second installment) and 45,434 gross shares of the plan period 2022–2024 (first installment). A total number of 258,333 gross shares will be delivered to the participants of the Restricted Share Pool by the end of April 2022.
Outokumpu will use its treasury shares for the reward payments, which means that the total number of shares of the company will not change. Upon delivery, applicable taxes will be deducted from gross shares, and the remaining net value will be paid to the participants in Outokumpu shares.
More information on share-based programs and their terms is available at: www.outokumpu.com/en/share-based-incentive-programs.
For more information:
Investors: Linda Häkkilä, Head of Investor Relations, tel. +358 40 071 9669
Media: Päivi Allenius, VP – Communications, tel. +358 40 753 7374
Outokumpu is the global leader in stainless steel. The foundation of our business is our ability to tailor stainless steel into any form and for almost any purpose. Stainless steel is sustainable, durable and designed to last forever. Our customers use it to create civilization’s basic structures and its most famous landmarks as well as products for households and various industries. Outokumpu employs more than 8,000 professionals in close to 30 countries, with headquarters in Helsinki, Finland and shares listed in Nasdaq Helsinki. www.outokumpu.com