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Lassila & Tikanoja Plc's Board of Directors decided on a share-based incentive scheme
Globenewswire· 2026-02-27 05:45
Core Viewpoint - Lassila & Tikanoja Plc has established a new long-term share-based incentive scheme aimed at aligning the objectives of the company, shareholders, and key employees to enhance the company's long-term value and strengthen employee commitment [1] Group 1: Performance Share Plan Overview - The Performance Share Plan 2026–2030 consists of three performance periods: 2026–2028, 2027–2029, and 2028–2030 [2] - Participants can earn shares based on the achievement of performance criteria set by the Board of Directors at the beginning of each performance period, with rewards paid after each period [3] Group 2: Performance Criteria and Rewards - For the performance period 2026–2028, the maximum total reward corresponds to approximately 218,677 shares, including cash portions, aimed at about 25 key employees, including the Group's President and CEO [4] - Rewards are paid partly in shares and partly in cash, with cash intended to cover taxes related to the rewards [5] Group 3: Shareholding Requirements - Members of the Group Executive Board must hold at least 50% of the net shares received until their total shareholding value equals their annual salary, maintaining this requirement as long as they are part of the Board [6] Group 4: Performance Metrics - The performance criteria for the period 2026–2028 include: - Return on capital employed (30%) - Revenue growth (30%) - Total shareholder return (rTSR) (30%) - Reduction of carbon footprint (ESG) (10%) [7]
Transfer of Oma Savings Bank Plc's own shares for incentive scheme reward payment
Globenewswire· 2025-05-21 08:30
Group 1 - Oma Savings Bank Plc has resolved to transfer 4,819 own shares to participants of the share-based incentive scheme for the reward payment installment of 2025 [1][2] - The transfer of shares is based on the authorization granted by the Annual General Meeting held on April 8, 2025, leaving the company with 132,200 own shares in treasury after the transfer [2] - OmaSp is a solvent and profitable Finnish bank, providing services through 48 branch offices and digital channels to over 200,000 private and corporate customers [3] Group 2 - The core idea of OmaSp is to provide personal service and maintain close relationships with customers through both digital and traditional channels [4] - The bank aims to offer a premium customer experience and is committed to customer-oriented development of operations and services [4] - A significant portion of the personnel also own shares in OmaSp, indicating employee investment in the company's success [4]