GeoJunxion (GOJXN.AS) - grant of 2022 Share options, first vesting of 2020 Share options and Auditor update.
September 22 2022 - 2:00AM
GeoJunxion (GOJXN.AS) - grant of 2022 Share options, first vesting
of 2020 Share options and Auditor update.
Capelle
aan den IJssel, The Netherlands – 22
September 2022 – GeoJunxion (GOJXN.AS) announces it has
granted share options to all its employees and to a limited
selection of its long-standing contractors as incentive award
towards long term value creation. A total of 81.600 shares options
were awarded at a strike price of Euro 1,787. The strike price
corresponds to the 90 days moving average of the share price as per
1 July 2022. The share options have an average vesting period of
2,5 years and will vest in four equal quarterly portions, starting
on 1 July 2024. They will vest at the 90 days average closing
prices of the GOJXN stock in the period immediately preceding the
vesting date. The settlement will be in ordinary shares of the
company.
This is the third time
that share options have been granted under such a scheme. The
initial grant was announced in a press release dated 29 October
2020 and then, a second grant announced on 1 November
2021.
GeoJunxion also
announces the first quarterly vesting of the share options awarded
in 2020. The vesting date is 1 July 2022, exactly 2 years after the
options were granted. As a result of this first vesting, a
total of 1.407 ordinary GeoJunxion shares will be granted to
participants: 1.145 have been issued, 262 will be issued at the
latest in April 2023. Going forward quarterly vesting will
take place on 1 October, 1 January, 1 April and 1 July.
After the 2022 share
options award and the first vesting per 1 July 2022, a total of
163.755 share options remains open.
The Supervisory and
Management boards believe that granting employees the possibility
to benefit from the improved operating results of the Company,
through the allocation of share options, will lead to stronger
engagement and ultimately better performances. This aligns
GeoJunxion employees' interests with those of the shareholders, to
focus on long-term and sustainable value creation.
GeoJunxion also takes
this opportunity to communicate that the Consolidated Annual
Accounts for the Accounting Year 2021-22 will be published without
the opinion of an Auditor. All six PIE/OOB Licensed Auditing
Firms in The Netherlands have declined the requests of the Company
for auditing services. In view of the significant
improvements the company has made in its financial performance, the
simplification of its subsidiary structure, risk management and
internal control processes, the Supervisory and Management boards
were expecting favorable input from at least one auditing
firm.
GeoJunxion hopes that
the proposed legislation regarding the future of the Dutch
Accountancy Sector (voorstel voor de Wet toekomst
accountancysector) will provide a timely resolution to ensure that
next years’ annual accounts will be audited. This legislative
initiative includes a proposed process whereby the NBA (Nederlandse
Beroepsorganisatie van Accountants), at the request of the company,
can assign a PIE/OOB licensed auditor and determine a reasonable
fee for the auditing activities.
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About
GeoJunxion
GeoJunxion is the
crossroads where fundamental, location-aware content connects with
superior, customized intelligence and highly focused innovations to
empower exceptional experiences. With an emphasis on safety and
sustainability, we are constantly expanding our portfolio to meet
the demands of a diverse and fast-evolving market. Building on
decades of experience in mapping, the company focuses on high
value, dynamic content and building environmentally conscious
applications, which enrich safety in everyday life. With
location-aware content at our core, we know where our strengths lie
and have the know-how and technology needed to offer unrivalled,
intelligent products and services. GeoJunxion NV is listed on the
regulated market of Euronext Amsterdam, under the symbol
GOJXN.AS.
GeoJunxion Press
Contact
Tel: +31 (0)10 885
1200
Email:
info@geojunxion.com
This is a public
announcement by GeoJunxion N.V., pursuant to article 17, paragraph
1 of the European Market Abuse Regulation (596/2014). This public
announcement does not constitute an offer, or solicitation of an
offer, to buy or offer securities in GeoJunxion N.V.
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