VMP Oyj : Board of Directors of Eezy Plc has resolved to extend the duration of the long-term incentive plan for the key employees of the company and on the second earning period of the plan

Eezy Plc  --  STOCK EXCHANGE RELEASE  --  19 November 2020 at 15:00

Board of Directors of Eezy Plc has resolved to extend the duration of the long-term incentive plan for the key employees of the company and on the second earning period of the plan

Eezy Plc's Board of Directors has resolved to amend the terms of the long-term incentive plan for the company's key employees due to the significant changes in the company’s business environment caused by the coronavirus pandemic. The terms of the long-term incentive plan will be amended by extending the duration of the long-term incentive plan by one year until 2025 and adding a new earning period. The establishment of the long-term incentive plan has been announced on 18 December 2019.

Eezy Plc's Board of Directors has resolved on the second earning period of the long-term incentive plan for the company's key employees. The second earning period is 13 months, starting on 1 December 2020, and ending on 31 December 2021. The reward criteria for the second earning period are based on Eezy Plc’s revenue and operating profit. There are eight participants in the long-term incentive plan’s second earning period.

A maximum of 179,091 reward shares could be awarded for the second earning period. The value of the maximum reward at the average share price on the trading day preceding this stock exchange release would be approximately EUR 864 thousand.

Eezy Plc
Board of Directors

Further information:

Sami Asikainen
CEO
[e-mail]
tel. [phone]

Hannu Nyman
CFO
[e-mail]
tel. [phone]

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