Technogym S p A : Approval of Performance Shares Plan 2021-2023 Regulation
June 30, 2021 at 07:39 am EDT
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Cesena (Italy), 30 June 2021 - In execution of the resolution adopted by the Shareholders' meeting held on May 5, 2021 and with the favourable opinion of the Appointments and Remuneration Committee, the Board of Directors approved the Regulation of the Performance Shares Plan 2021-2023 and assigned rights to obtain total no. 209,600 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 130% 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 2021-2023, please see the report of the Board of Directors to the Shareholders' meeting held on May 5, 2021 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 30 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 June 2021 11:38:06 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.