Netum Group Plc's Board of Directors decided on a share-based incentive plan
23.9.2022 15:30:00 EEST | Netum Group Oyj | Company Announcement
Netum Group Plc Company announcement 23 September 2022 at 3:30 p.m. EEST
Netum Group Plc's Board of Directors decided on a share-based incentive plan
The Board of Directors of Netum Group Plc has on 23 September 2022 decided to establish a new share-based incentive plan for the management of Netum Group Plc.
The objective of the share-based incentive plan is to align the objectives of the management and Netum Group Plc's shareholders through long-term shareholdings, to increase the value of the company in the long term and to commit the management to the company.
Share-based incentive plan
The share-based incentive plan 2022–2026 has three performance periods covering the financial years 2022–2024, 2023–2025 and 2024–2026.
In the plan, the participant can earn Netum Group Plc’s shares based on the Group’s financial performance. The Board of Directors decides on the performance criteria of the plan and the targets to be set for each performance criterion at the beginning of the performance period. The potential rewards of the plan will be paid after the end of each performance period.
During the performance period 2022–2024, the rewards are based on the Group's operating profit excluding goodwill amortization (EBITA, % of net sales), which is measured as the average for 2022–2024.
The gross amount of rewards to be paid for the performance period 2022–2024 corresponds to the value of a maximum total of approximately 180,000 Netum Group Plc shares. During the performance period 2022–2024, the target group consists of approximately 15 people, including the CEO and other members of the management teams of Netum Group Plc and Netum Oy. The rewards of the plan will be paid partly in the company's shares and partly in cash. The cash proportion is intended to cover taxes and tax-related costs arising from the reward to the participant.
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 of demanding IT projects. The company offers its public administration and corporate customers 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 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 260 employees in Finland.
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About Netum Group Oyj
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 260 employees in Finland.
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