The Board of Directors of Enento Group resolved on a long-term incentive plan for key personnel
December 15 2021 - 8:00AM
The Board of Directors of Enento Group resolved on a long-term
incentive plan for key personnel
ENENTO GROUP PLC, STOCK EXCHANGE RELEASE ON 15 DECEMBER 2021 AT
3.00 P.M. EET
The Board of Directors of
Enento Group resolved on a long-term
incentive plan for key personnel
The Board of Directors of Enento Group Plc has
resolved to establish a long-term incentive plan, the Performance
Share Plan 2022–2024, for the key employees of Enento Group Plc and
its subsidiaries. The plan is based on the similar plan launched
last year and the intention is to continue launching new long-term
incentive plans annually.
The aim of the plan is to align the objectives of
the shareholders and the key employees in order to increase the
value of Enento in the long-term, to retain the key employees at
Enento Group and to reward them for achieving the targets
established by the Board of Directors.
The plan consists of one performance period
covering the calendar years 2022–2024. The potential rewards from
the plan will be paid partly in Enento Group Plc shares and partly
in cash after the end of the performance period. The cash
proportion is intended to cover taxes and tax-related costs arising
from the rewards to the participants. As a rule, no reward will be
paid if a participant’s employment or service ends before the
reward payment.
The plan offers the participants a possibility to
earn reward based on achieving the required performance levels
established for the Enento Group Plc share´s total shareholder
return (TSR) in 2022–2024 and the Group’s cumulative Adjusted
EBITDA in 2022–2024.
The rewards to be paid from the plan correspond to
an approximate maximum total of 110,000 Enento Group Plc shares,
including also the proportion to be paid in cash. The plan is
directed to approximately 40 key employees, including the members
of the Executive Team.
A member of the Executive Team must hold all net
shares received on the basis of the plan, until the member’s
shareholding in the company in total corresponds to the value of
his or her annual gross salary and until his or her employment or
service at Enento Group continues.
ENENTO GROUP PLC
For further information: Elina StråhlmanActing CEO,
CFOTel. +358 10 270 7578
Distribution: Nasdaq HelsinkiMajor media
enento.com/investors
Enento Group is a Nordic knowledge company powering
society with intelligence since 1905. We collect and transform data
into intelligence and knowledge used in interactions between
people, businesses and societies. Our digital services, data and
information empower companies and consumers in their daily digital
decision processes, as well as financial processes and sales and
marketing processes. Approximately 425 people are working for
Enento Group in Finland, Norway, Sweden and Denmark. The Group’s
net sales for 2020 was 151.3 MEUR. Enento Group is listed on Nasdaq
Helsinki with the trading code ENENTO.
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