Solwers Plc establishes a new performance share plan for key employees
Solwers Plc, Company Release, March 19, 2024 at 17.30 EET
The Board of Directors of Solwers Plc has resolved to establish a new share-based incentive plan for key employees of the group. The purpose of the plan is to align the interests of the company’s shareholders and key employees to increase the company’s value in the long-term, to retain key employees for the company and to offer them a competitive incentive plan based on earning and accumulating the company’s shares.
The Performance Share Plan 2024–2026 consists of one performance period, covering the financial years 2024–2026. The performance period includes three one-year measurement periods, covering the financial years 2024, 2025 and 2026. The Board of Directors will resolve annually on the performance criteria for each measurement period.
The target group in the plan consists of over 40 key employees, including the members of the Management Team, the CEO and key employees of the subsidiaries. In the plan, the target group has an opportunity to earn Solwers Plc’s shares based on performance. The performance criterion of the first measurement period is tied to EBIT-%.
The value of the rewards to be paid on the basis of the plan corresponds to a maximum total of 229,600 shares of Solwers Plc, including also the proportion to be paid in cash.
The potential rewards from the plan will be paid during the financial year 2027. The potential reward will be paid partly in Solwers Plc’s shares and partly in cash. The cash proportion of the reward is intended to cover taxes and statutory social security contributions arising from the reward to the key employee. As a rule, no reward will be paid if the key employee’s employment or director contract terminates before the reward payment.
Solwers Plc
Board of Directors
Certified Advisor: UB Corporate Finance Oy, ubs@unitedbankers.fi
Distribution:
- Nasdaq Helsinki
- Key media
Further enquiries:
Olli Kuusi, General Counsel, Solwers Plc, olli.kuusi@solwers.fi, p. +358 400 355 033
Solwers Plc
Solwers is a growth-oriented group of expert companies that acts as a growth platform for the companies it owns and challenges the traditional practices of the built environment consulting industry. More than 25 operative Solwers companies offer a wide range of engineering and project management services, employing more than 700 experts in Finland and Sweden.