Suominen establishes a restricted share unit plan for key employees

Core Points - Suominen Corporation's Board of Directors has established a new share-based incentive plan aimed at aligning the interests of shareholders and key employees to enhance long-term company value [1][2] - The plan is designed to retain key talents, attract new talent, and address specific situations as determined by the Board [2] - The incentive plan will allocate rewards from the Restricted Share Unit Plan for the years 2026 to 2028, with a maximum total of 200,000 shares, including cash payments [3] - Rewards will be distributed by the end of May 2029, contingent upon the continuation of employment or service [4] - The reward structure includes both shares and cash, with the cash portion intended to cover taxes and social security contributions [5] Company Overview - Suominen manufactures nonwovens for various applications, including wipes, and aims to lead in nonwovens innovation and sustainability [5] - The company's net sales for 2024 are projected to be EUR 462.3 million, employing over 700 professionals across Europe and the Americas [5] - Suominen's shares are listed on Nasdaq Helsinki [5]