VERKKOKAUPPA.COM OYJ Verkkokauppa.com Oyj COMPANY RELEASE
The Board of Directors of
The new Performance Matching Share Plan 2020—2022 includes one performance period, calendar years 2020—2022. The performance criterion is the Total Shareholder Return of the company’s share (TSR). The achievement of the required TSR levels will determine the proportion out of the maximum reward that will be paid to a Participant and is a maximum of three performance-based matching shares for each allocated share. The prerequisite for participation in the plan and receiving reward on the basis of this plan is that a person participating in the plan either allocates freely transferable company shares held by him or her or acquires the company’s shares. The participation is capped up to the share amount determined by the Board of Directors. Furthermore, payment of reward is based on the participant´s valid employment or service upon reward payment.
The rewards from the plan will be paid partly in the company’s shares and partly in cash in 2023. The cash proportion is intended to cover taxes and tax-related costs arising from the reward to the participant. As a rule, no reward will be paid, if a participant´s employment or service ends before the reward payment.
The target group of the plan consists of eight persons, the CEO and all other members of the Management Team. The rewards payable on the basis of the plan correspond to the value of an approximate maximum total of 540,000
The last Matching Period 2020—2022 of the company’s Matching Share Plan 2018—2020 will not be implemented as it will be replaced by this newly established Performance Matching Share Plan 2020—2022.
The Board of Directors
For more information, please contact:
Christoffer Häggblom
Chairman of the Board
christoffer@riteventures.com
Tel. +358 10 309 5555
Certified Adviser
Nordea Bank Abp
Tel. +358 9 5300 6785
Distribution:
Nasdaq
Principal media
www.verkkokauppa.com
© OMX, source
