Aktia Bank Plc’s Restricted share plan continues
08 Junho 2023 - 11:30AM
Aktia Bank Plc’s Restricted share plan continues
Aktia Bank PlcStock Exchange Release8 June 2023 at
5.30 p.m.
Aktia Bank
Plc’s Restricted share
plan continues
Aktia Bank Plc’s Board of Directors has decided to continue the
share-based long-term incentive arrangement (Restricted Share
Plan).
The total number of Aktia Bank Plc’s shares paid under the
Restricted Share Plan was increased by 100,000 shares, bringing the
maximum number of shares for the whole plan up to 380,000.
No reward will be paid if the participant's employment or
service ends before the payment of the reward. The number of shares
represents a gross earning, from which the applicable tax is
withheld, and the remaining net value is paid in shares to the key
employees participating in the plan. The Board of Directors can
decide whether the reward is paid by using newly issued shares, the
company’s existing treasury shares or shares purchased from the
stock market. The company is entitled to pay the fee in full in
cash in certain situations, and the rewards are subject to
postponement and retention rules applicable to financial services
industry.
The purpose of the Restricted Share Plan is to serve as a
complementary long-term retention tool for key employees who will
be selected individually. The company shall decide separately on
allocation of the rewards to key employees. The payment time of the
reward depends on the time of the allocation of the reward. Rewards
will be paid after a retention period of approximately 3 years. A
one-year lock-up period will primarily apply to the shares paid.
The purpose of the plan is to retain, motivate and reward selected
key employees in order to increase the shareholder value in the
long term.
AKTIA BANK PLC
For more information:Sini Kivekäs, Executive Vice President,
Human Resources, tel. +358 50 304 3165,
sini.kivekas(at)aktia.fi
Distribution:Nasdaq Helsinki LtdMass mediawww.aktia.com
Aktia is a Finnish asset manager, bank and life insurer that has
been creating wealth and wellbeing from one generation to the next
for 200 years. We serve our customers in digital channels
everywhere and face-to-face in our offices in the Helsinki, Turku,
Tampere, Vaasa and Oulu regions. Our award-winning asset management
business sells investment funds internationally. We employ
approximately 900 people around Finland. Aktia's assets under
management (AuM) on 31 December 2022 amounted to EUR 13.5 billion,
and the balance sheet total was EUR 12.4 billion. Aktia's shares
are listed on Nasdaq Helsinki Ltd (AKTIA). aktia.com.
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