RGT : The Board of Directors of Talenom Plc resolved on a new performance share plan 2024-2027

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Published: 2024-03-14 18:50:00 CET Talenom Oyj Other information disclosed according to the rules of the Exchange The Board of Directors of Talenom Plc resolved on a new performance share plan 2024-2027 Talenom Plc, Stock exchange release 14 March 2024 at 19:50 EET The Board of Directors of Talenom Plc resolved on a new performance share plan 2024-2027 The Board of Directors of Talenom Plc has resolved on a new performance share plan for the Group's key employees. The plan is part of share-based incentive plans for the Group's key employees. The aim is to align the objectives of the shareholders and key employees for increasing the value of the company in the long-term, to commit the key employees to the company and to offer them competitive incentive schemes that are based on earning and accumulating shares. The performance share plan 2024-2027 consists of three performance periods. The Board of Directors resolves on the plan's performance criteria and targets to be set for each criterion at the beginning of the performance period. The potential reward based on the plan will be paid partly in the company's shares and partly in cash after the end of a performance period. The cash proportion is intended to cover taxes and tax-related expenses arising from the reward to a participant. As a rule, no reward is paid, if the participant's employment or service terminates before the reward payment. The company's Executive Board Member is obliged to hold at least half of the net number of shares paid to the member based on the plan, until the value of his or her shareholding in the company equals the value of his or her annual base salary. Such number of shares must be held as long as the membership in the Executive Board continues. During the performance period 2024-2025, the reward is based on the Group's net sales growth, development of operating profit and strategy execution. The rewards to be paid based on the performance period correspond to the value of an approximate maximum total of 380,000 Talenom Plc shares, including also the proportion to be paid in cash. Approximately 120 persons are included in the target group of the plan, including the company's Executive Board members. Talenom Plc Board of Directors Further information: Otto-Pekka Huhtala CEO, Talenom Plc [phone] [e-mail] Talenom in brief Talenom is an agile and progressive accounting firm established in 1972. Our business idea is to make daily life easier for entrepreneurs with the easiest-to-use digital tools on the market and highly automated services. In addition to comprehensive accounting services, we support our customers' business with a wide range of expert services, as well as financing, account and payment traffic services. Our vision is to provide superior accounting, account and payment traffic services for SMEs. Talenom's growth history is strong - average annual net sales growth was approximately 17% between 2005 and 2023. In 2023, Talenom's net sales was some EUR 122 million and the company had 1,560 employees in Finland, Sweden, Spain and Italy at the end of the year. Talenom's share is quoted on the Main Market of Nasdaq Helsinki. Read more: investors.talenom.com/en This news release was distributed by Company News System, www.nasdaqomxnordic.com/news/marketnotices To subscribe on regulatory news from this company, go to the subscription page