Apetit Plc: Announcement of conveyance of own shares

Apetit Plc: Announcement of conveyance of own shares

The Board of Directors of Apetit Plc (“Apetit”) decided on 15 February 2023 on the establishment of a long-term matching share scheme 2023–2025 and on the establishment of a performance-based share scheme 2023–2025, whereupon the possible rewards will be paid as a combination of Apetit Plc’s shares and cash. The members of the Group Management Team, five people, were entitled to participate the performance-based share incentive scheme at the beginning thereof. 

In the Performance Share Plan, the receipt and amount of the reward is based on the operating profit, ROCE-%, reduction of CO2 emissions, development of workplace safety and success of the ERP renewal project of the Apetit Group from 1 January 2023 to 31 December 2025 and the person's continued employment or service relationship with the company. The maximum amount of share rewards to be transferred under the plan is 34,000 new shares or treasury shares held by the company, and the cash reward corresponding to the number of shares in a manner decided by the Board of Directors. 

The Board of Directors has decided on 12 February 2026 that amount of share rewards to be transferred under the plan is 18,105 treasury shares held by the company, and the cash reward corresponding to the number of shares. The share reward and the related cash reward was paid to the participants on 27 February 2026.

The assignment value of the shares was EUR 252,203 in total. The assignment value of the shares at the time of the conveyance was determined in public trading arranged by NASDAQ Helsinki Ltd based on the weighted average price, EUR 13,93, on 26 February 2026. After the above-mentioned conveyance, the company holds 81,168 shares.