The Board of Directors of Etteplan Oyj resolved on key personnel incentive plan

Etteplan Oyj  Stock Exchange Release February 5, 2020 at 1.00 p.m. EET

The Board of Directors of Etteplan Oyj has resolved to establish a new share-based incentive plan for the Group key personnel.

The aim of the Plan is to combine the objectives of the shareholders and the key personnel in order to increase the value of the Company, to commit the key personnel to the Company, and to offer them a competitive reward plan based on holding the Company shares.

The Plan includes one earning period which includes calendar years 2020-2022. The earning period covers the same years as Etteplan’s strategy update published in December 2019. The Plan is in line with Etteplan’s strategy and supports the achievement of the company’s financial targets. 

The earnings criteria are Etteplan Group´s revenue increase and the development of Total Shareholder Return (TSR). The potential reward will be paid partly in the Company’s shares and partly in cash after the end of the earning period. The proportion to be paid in cash is intended to cover taxes and tax-related costs arising from the reward to the key personnel.

Approximately 25 people belong to the Plan, including the Management Group of Etteplan. The rewards to be paid on the basis of the plan will correspond to the value of an approximate maximum total of 390, 000 Etteplan Oyj shares (including also the proportion to be paid in cash). The shares to be paid out as potential rewards will be transferred from the shares held by the Company or shares acquired from the market, and therefore the incentive plan will have no diluting effect on the share value.

Etteplan Oyj
Board of Directors

For more information, please contact:
Juha Näkki, President and CEO, tel. +358 010 307 2077
Outi Torniainen, SVP,   Marketing and Communications, tel. +358 10 307 3302                                         

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www.etteplan.com