The Board of Directors of
The prerequisite for participating in the new plan is that a participant acquires the company´s series A shares up to the number determined by the Board of Directors. In order to implement the plan, the Board of Directors decided on a share issue against payment directed to the target group.
Performance-based Matching Share Plan 2021—2023
The new Performance-based Matching Share Plan 2021–2023 consists of three performance periods, covering the financial years of 2021, 2022 and 2023, respectively.
In the plan, the target group is given an opportunity to earn
The rewards to be paid based on the plan will amount to an approximate maximum total of 718,000 Martela Corporation series A shares including also the proportion to be paid in cash.
Approximately 40 persons, including the CEO and other Martela’s Management Team members, belong to the target group of the plan. The plan will replace the participants´ annual bonus plan.
The rewards will be paid partly in
The reward to be paid on the basis of the plan will be capped if the limits set by the Board of Directors for the share price are reached.
During the performance period 2021, the rewards are based on the Group’s Earnings before Interest and Taxes (EBIT).
Directed Share Issue against Payment
A maximum total of 359,000 new series A shares in the company will, in deviation from the shareholders’ pre-emptive right, be offered in the share issue for subscription to the participants of the Performance-based Matching Share Plan 2021—2023. In addition, a total of 73,260 new series A shares will be offered for subscription to the company´s CEO, separately from the Performance-based Matching Share Plan.
The company has a weighty financial reason for the deviation from the shareholders’ pre-emptive right, since the purpose of the share issue is to encourage the participants to acquire and own the company´s series A shares as a part of the Performance-based Matching Share Plan 2021—2023 directed to them. In addition, the purpose of the share issue is to align the objectives of the shareholders and the CEO for increasing the value of the company in the long-term and to retain the new CEO at the company.
The share subscription period of the new shares will be from 31 March to
The new shares are estimated to be entered into the
The decision on the share issue is based on the authorization by the Annual General Meeting of Shareholders held on
Financing Share Acquisition
As part of the implementation of the Performance-based Matching Share Plan 2021—2023, the Board of Directors has resolved to grant plan participants interest-bearing loans in the maximum total amount of 686,
The Board of Directors
For more information, please contact Artti Aurasmaa, CEO, tel. +358 45 186 1775
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Nasdaq Helsinki
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www.martela.com
Our strategic direction is defined by our mission “Better working” and our vision “People-centric workplaces”.
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