The Board of Directors of Tokmanni Group Corporation has resolved to continue incentive program

Tokmanni Group Corporation        Stock exchange release        12.2.2021 8:40 am

The Board of Directors of Tokmanni Group Corporation has resolved to continue its share-based incentive program directed to the key employees. The aim of the program is to combine the objectives of the shareholders and the key employees in order to increase the value of the Company in the long-term, to commit the key employees to implement the Company’s strategy, and to offer them a competitive reward program based on earning and accumulating the Company’s shares.

The performance share program includes the calendar year 2021. The potential reward of the program will be based on the Company’s earnings per share on 31 December 2021 and on the market value development 1.1-31.12.2021.

The target group of the program includes the CEO, the members of the Executive Group as well as other key employees. The potential rewards, which by nature are taxable income, to be paid correspond to a maximum of 120,000 Tokmanni Group Corporation’s shares based on the market value at the moment of granting and will be paid in Tokmanni Group shares possibly partly in cash. The cash proportion covers taxes and tax-related costs arising from the reward to a key employee. The earned shares will be transferred to the participant’s book-entry account in 2022 and will be released from restrictions in January 2024. If the employee’s employment ends before the end of the restriction period, the shares will be returned to the company.

Tokmanni Group Corporation

The Board of Directors

Further Information, please contact

Markku Pirskanen, CFO
tel. +358 20 728 7390, markku.pirskanen(a)tokmanni.fi

Tokmanni in brief

Tokmanni is the largest general discount retailer in Finland measured by number of stores and revenue. In 2020, Tokmanni’s revenue was EUR 1 073.2 million and it has approximately 3,873 employees. Tokmanni is the only nationwide general discount retailer in Finland, with almost 200 stores across Finland.

Distribution

Nasdaq Helsinki
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