Netum plans share-based incentive plan and personnel issue

Netum Group Plc        Company release       2 June 2022 at 2:30 p.m.                               

 

Netum plans share-based incentive plan and personnel issue

Netum Group Plc's Board of Directors is planning an incentive package that includes both a share-based incentive plan for the extended management team and a personnel issue.

The purpose of the performance-based share plan is to guide the Group's management towards the implementation of the company's strategy and to reward it for its successful implementation.

In the personnel issue, new shares in the company will be offered for subscription by the personnel. The subscription price of the shares would be based on the average share price on Nasdaq Helsinki First North Growth Market Finland during the month preceding the personnel issue and on a 10 per cent discount calculated from it. The employee would have the preliminary right to subscribe for between 500 and 2,000 shares in the personnel issue. Those who have subscribed for the shares will receive additional shares without payment at a later date.

"I think it is very important that our personnel are committed to Netum's goals. The starting point for the planned incentive package is to encourage employees to become Netum’s shareholders and to engage the personnel in the implementation of the company's objectives," says Matti Mujunen, CEO of Netum.

The Board of Directors will later decide on the target groups, dimensioning and performance criteria of the share-based incentive plan, as well as on the timing and size of the personnel issue, the right to subscribe for the shares offered in the personnel issue, the subscription price, the subscription period, the payment of subscriptions, the transfer restriction on the shares and the additional shares.

If the Board of Directors decides on the share-based incentive plan and the personnel issue, the decision would be based on the authorisation given by the Annual General Meeting on 29 March 2022.

For additional information, please contact:

Netum Group Plc
Matti Mujunen, CEO
+358 40 047 6401
matti.mujunen@netum.fi

 

Certified advisor:

Evli Bank Plc
+358 40 579 6210

 

Netum Group in brief

Netum Group Oyj is a profitably growing IT services company with over 20 years of experience in demanding IT projects. The company offers its public administration and corporate customers with its “Legacy to Digi®” concept. This concept enables combining traditional IT solutions with the latest digital applications safely and in a responsible way. Netum's goal is to be the most trusted partner and the preferred employer in the industry. Netum's services include digital service development, system continuity services, integration services, cyber security services as well as management consulting services. Additionally, the company offers two applications as SaaS: the electronic message validator “Truugo” and the IT asset management system “Netum DUX”. In 2021, Netum Group’s revenue was EUR 22.4 million, and the company currently has over 230 employees in Finland.

www.netum.fi/