Atria Plc   COMPANY ANNOUNCEMENT   18 December 2024 at 3.45 pm
 

Atria Plc established new share-based incentive plans for key employees

The Board of Directors of Atria Plc has resolved to establish a new Performance Share Plan for the Group's key employees. The plan replaces the long-term incentive plan 2024-2026 announced on 20 December 2023, and the plan's last two performance periods in 2025 and 2026 will not be launched. In addition, the Board of Directors of Atria Plc has resolved to establish a Bridge Plan to facilitate the transfer from the previous long-term incentive plan to the new Performance Share Plan. The purpose of the plans is to align the interests of the company's shareholders and key employees to increase the company's value in the long term, to commit key employees to implement the company's strategy, objectives and long-term interest and to offer them a competitive incentive plan based on earning and accumulating the company's shares.

The Performance Share Plan 2025-2027 consists of one performance period, covering the financial years 2025-2027. The Bridge Plan 2025-2026 consists of two performance periods, covering the financial years 2025 and 2026. The Board of Directors resolves annually on the commencement and details of the performance periods.

In the plans, the target group is given an opportunity to earn Atria Plc series A shares based on performance. The potential rewards from the plans will be paid within five months after the end of each performance period.

The target group for the performance period 2025-2027 of the Performance Share Plan includes maximum of 40 key employees, including the members of the Group Management Team and the CEO. The performance criteria for the performance period 2025-2027 are tied to the earnings per share, organic growth and CO2 emissions.

The target group for the performance period 2025 of the Bridge Plan includes maximum of 40 key employees, including the members of the Group Management Team and the CEO. The performance criteria for the performance period 2025 are tied to the earnings per share and organic growth.

The value of the rewards to be paid on the basis of the plans corresponds to a maximum of approximately two million euros, including also the proportion to be paid in shares. The potential rewards will be paid partly in Atria Plc series A shares and partly in cash. The cash proportion of the reward is intended to cover taxes and statutory social security contributions arising from the reward to the key employee. As a rule, no reward will be paid if the key employee's employment or director contract terminates before the reward payment.

For more information, please contact Kai Gyllström, CEO of Atria Plc. Contacts and interview requests via Communications Manager Marja Latvatalo, e-mail: marja.latvatalo@atria.com, tel. +358 400 777 874.

Atria Plc
Board of Directors
 

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