Technogym : Approval of Performance Shares Plan 2018-2020 Regulation
July 31, 2018 at 09:53 am EDT
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Cesena (Italy), 31 July 2018 - In execution of the resolution adopted by the Shareholders' meeting held on May 8, 2018 and with the favourable opinion of the Appointments and Remuneration Committee, the Board of Directors approved the Regulation of the Performance Shares Plan 2018-2020 and assigned rights to obtain total no. 247,000 Base Shares. Base Shares means the number of Technogym shares that the beneficiaries of the Plan may obtain free of charge in case the performance targets are 100% met pursuant to the terms and conditions of the Regulation. The actual number of Technogym shares that shall be granted to the beneficiaries of the Plan shall be determined at the end of the Plan taking into account the actual performance in respect to the performance targets and shall not in any event exceed 150% of the Base Shares.
Information under Annex 3A, Scheme 7, of Conosb Regulation no. 11971, of May 14, 1999 (the 'Consob Regulation') shall be provided in accordance to the terms and conditions set forth in art. 84-bis, paragraph 5, lett. a) of Consob Regulation.
For additional information regarding the main features of the Performance Shares Plan 2018-2020, please see the report of the Board of Directors to the Shareholders' meeting held on May 8, 2018 and the Informative Document pursuant to art. 84-bis of the Consob Regulation available at the Company's registered office and the website of the Company www.technogym.com Section Investor Relations/Governance/Shareholders' Meeting.
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Technogym S.p.A. published this content on 31 July 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 31 July 2018 13:52:02 UTC
Technogym SpA is an Italy-based company engaged in the recreational products industry. The Company manufactures fitness equipment. It designs and manufactures fitness equipment for private individuals, corporations, fitness centres, hotels and spas and medical centres. The Company's products offer include treadmills, exercise bikes, cross trainers, circuit training, core exercises equipment, fitness accessories, gym benches, kinesis, legs exercises equipment, multi gyms, plate loaded equipment, software and hardware, steppers, stretching machines, upper body equipment and weights, dumbbells and bars for cardiovascular training, group fitness, resistance and functional training and strength training, among others.