The Board of Directors of Martela Corporation Resolved on an Incentive Plan for the Group’s Key Employees
14 Marzo 2024 - 2:00AM
UK Regulatory
The Board of Directors of Martela Corporation Resolved on an
Incentive Plan for the Group’s Key Employees
Martela Corporation, Stock Exchange
Release, 14.3.2024 at 10:00
The Board of Directors of Martela Corporation has resolved to
establish a new share-based incentive plan for the group’s key
employees. The aim of the plan is to align the objectives of the
shareholders and key employees for increasing the value of the
company in the long-term, to retain the key employees at the
company and to offer them a competitive incentive plan that is
based on personal investment and earning and accumulating the
company’s shares.
The prerequisite for participation in the plan
is that a participant owns and commits a number of company’s series
A shares determined by the Board of Directors to the Plan.
The plan is a continuation of the
Performance-based Matching Share Plan 2021—2023.
Performance-based Matching Share Plan
2024—2026
The new Performance-based Matching Share Plan
2024–2026 consists of three performance periods, covering the
financial years of 2024, 2025 and 2026, respectively. The Board
will decide annually on the commencement and details of a
performance period.
In the plan, the target group has an opportunity
to earn Martela Corporation series A shares based on performance
and on their personal investment in Martela Corporation series A
shares. The performance criteria in the first performance period
2024 is Group’s Earnings before Interest and Taxes (EBIT). The
target group in the performance period 2024 consists of
approximately 40 key employees, including the members of the
Management Team and the CEO.
The value of the rewards to be paid on the basis
of the plan corresponds to an approximate maximum total of
1 400 000 series A shares of Martela Corporation, including
also the proportion to be paid in cash. The potential rewards will
be paid partly in Martela Corporation series A-shares and partly in
cash. The cash proportion of the reward is intended for covering
taxes and statutory social security contributions arising from the
reward to the participants. The potential rewards from the plan
will be paid within five months from the end of each performance
period.
As a rule, no reward is paid if the
participant’s employment or director contract terminates before the
reward payment. 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.
MARTELA CORPORATION
THE BOARD OF DIRECTORS
Further information:
CEO, Ville Taipale, tel. +358 50 557 2611
CFO, Henri Berg, tel. +358 40 386 5464
Distribution
Nasdaq Helsinki
Main news media
www.martela.com
Martela is a Nordic leader specialising in user-centric working
and learning environments. We create the best places to work and
offer our customers the Martela Lifecycle solutions which combine
furniture and related services into a seamless whole.
Martela Oyj (LSE:0F6D)
Gráfica de Acción Histórica
De Dic 2024 a Ene 2025
Martela Oyj (LSE:0F6D)
Gráfica de Acción Histórica
De Ene 2024 a Ene 2025
