Atria Plc's long-term incentive plan 2021 – 2023

17.12.2020 13:30

Atria Plc                 Company announcement 17 December 2020 at 1.30 pm

Atria Plc's long-term incentive plan 2021 – 2023

Atria Plc's Board of Directors has decided on a long-term incentive scheme for the company’s key personnel for the period 2021 - 2023. The scheme is basically the same as the scheme used in 2018 - 2020. The new incentive period which is based on share and cash bonus is divided into three one year earning periods. The first earning period begins on January 1, 2021 and ends December 31, 2021. The possible remuneration of the system is based on the company's earnings per share EPS (70%) and organic growth (30%).

Remuneration for the period 2021 is paid in equal thirds in 2022, 2023 and 2024 partly in company's shares and partly in cash. The cash proportion is intended to cover taxes and tax-related charges for the key person in the remuneration. If the key person's employment ends before the payment of the premium, the premium will not normally be paid.

The target group of the share-based incentive scheme comprises maximum 40 people. The maximum cost of the total amount of commissions payable per earning period is EUR 2 million.

The purpose of the new premium system is to encourage Atria's key personnel to increase their ownership of company shares and through their decisions and operations to increase the company's long-term value.

Juha Gröhn

Nasdaq Helsinki Ltd
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