Beskrivning
| Land | Finland |
|---|---|
| Lista | First North Finland |
| Sektor | Tjänster |
| Industri | Allmänna tjänster |
Fondia Plc
Company release
2025-04-03 at 3.00 p.m. EEST
Fondia Plc announced in October 2021 that the company will introduce a share-based employee commitment and incentive plan ("share plan") from the beginning of 2022. Under the share plan, participants can earn Fondia Plc shares in accordance with performance criteria set by the Board of Directors related to the company's financial and strategic performance. The share plan consists of performance periods of three financial years, the start date, performance criteria, participants and other specific conditions of which are determined annually by the Board of Directors. To date, the share plan has decided on performance periods for the calendar years 2022-2024, 2023-2025, 2024-2026 and 2025-2027.
The Board of Directors has now decided to make certain changes to the share plan, both to its general conditions and to the special conditions for the above-mentioned performance periods, as permitted by the general conditions. The modifications are as follows:
- Participation in successive performance periods is enabled.
- Personal investment in Fondia Plc shares is no longer required from other Group Management Team members except for the CEO.
- The minimum criteria set for the ended performance period of 2022-2024 were not met, and therefore no rewards will be paid under the program. The Board has decided that the participants and share allocations of the ended performance period 2022-2024 will be transferred to the performance periods 2023-2025 and 2024-2026. The transfer increases the maximum number of shares for the performance period 2023-2025 to 100,000 shares (previously 80,000) and the number of participants to approximately 45 (previously 35), but does not affect the maximum reward or participant numbers for the performance period 2024-2026.
- The performance criteria for all valid performance periods have been updated so that the rewards for the performance periods are based on the adjusted average EBITDA percentage of the performance period instead of the previous average EBIT percentage. The second performance criteria, total shareholder return (TSR), remains unchanged.
- The target levels of both performance criteria have been changed for all active performance periods.
The purpose of the share plan is to contribute to the achievement of the company's financial objectives and to provide participants with a competitive long-term incentive scheme, thereby increasing shareholder value. The changes are made to enable this purpose and to engage the participants with the company.
Fondia Plc
For further information, please contact:
Timo Lappi, Interim CEO; Chair of the Board of Directors, tel. +358 40 756 7809
Harri Savolainen, CFO, tel. +358 40 502 1919
Certified Adviser Aktia Alexander Corporate Finance Oy, tel. +358 (0)50 5204098
Fondia in brief
Fondia solves the legal needs of companies by combining the best services from internal legal departments and law firms. Fondia operates in Finland, Sweden, Estonia, and Lithuania, and the Group's net sales in 2024 were €25.6 million. Fondia employs around 180 people.
Distribution:
Nasdaq Helsinki Ltd
Key media