The Board of Directors of Taaleri Plc decided on a new stock option plan for the CEO
06 April 2022 - 7:00PM
The Board of Directors of Taaleri Plc decided on a new stock option
plan for the CEO
TAALERI
PLC STOCK
EXCHANGE RELEASE
6
APRIL 2022 AT 12:00 (EEST)
The Board of
Directors of Taaleri
Plc decided on a new stock option
plan for the CEO
The Board of Directors of Taaleri Plc has decided
to launch a new stock option plan directed to the CEO of the
company. The company has a weighty financial reason for the issue
of stock options, since the stock options are intended to form part
of the incentive and commitment program for the CEO. The purpose of
the stock options is to encourage the CEO to work on a long-term
basis to increase the shareholder value. The purpose of the stock
options is also to retain the CEO at the company.
The prerequisite for the receipt of stock options
is that the CEO acquires Taaleri Plc shares from the market worth
of 400,000 euros in spring 2022.
The maximum total number of stock options issued is
300,000 and they entitle the CEO to subscribe for a maximum total
of 300,000 new shares in the company or existing shares held by the
company. The stock options are issued gratuitously. Of the stock
options, 100,000 are marked with the symbol 2022A, 100,000 are
marked with the symbol 2022B and 100,000 are marked with the symbol
2022C.
The number of shares subscribed by exercising stock
options issued corresponds to a maximum total of 1.05 per cent of
all shares and votes of the shares in the company after the
potential share subscriptions, if new shares are issued in the
share subscription. After the share subscriptions with stock
options, the number of the company’s shares may be increased by a
maximum total of 300,000 shares, if new shares are issued in the
share subscription.
The share subscription price for stock options
2022A, 2022B and 2022C is the trade volume weighted average
quotation of the share on Nasdaq Helsinki Ltd during 7 April—9 May
2022. The share subscription price will be credited to the reserve
for the company’s invested unrestricted equity. The share
subscription price will be deducted by the amount of dividends and
distribution of assets per share paid annually.
The share subscription period, for stock options
2022A, is 1 February 2025–31 January 2026, for stock options 2022B,
1 February 2026–31 January 2027, and for stock options 2022C, 1
February 2027–31 January 2028. However, the share subscription
period does not commence, unless the following vesting criteria
have been achieved:
- for stock option 2022A: the trade volume weighted average
quotation of the share on Nasdaq Helsinki Ltd of
20 consecutive trading days, exceeds the share subscription
price added by EUR 2.50; the vesting criterion must be
fulfilled during the period of
1 December 2024—31 January 2025;
- for stock option 2022B: the trade volume weighted average
quotation of the share on Nasdaq Helsinki Ltd of
20 consecutive trading days, exceeds the share subscription
price added by EUR 2.80; the vesting criterion must be
fulfilled during the period of
1 December 2025—31 January 2026;
- for stock option 2022C: the trade volume weighted average
quotation of the share on Nasdaq Helsinki Ltd of
20 consecutive trading days, exceeds the share subscription
price added by EUR 3.10; the vesting criterion must be
fulfilled during the period of
1 December 2026—31 January 2027.
If the vesting criterion is not achieved, the share
subscription period for those stock options does not commence.
The Board decided on the new stock option plan by
virtue of an authorization granted by the Annual General Meeting of
Shareholders held of 6 April 2022.
Taaleri PlcThe Board of Directors
For
further
information please
contact:Juhani Elomaa, Chairperson of the
Board, +358 40 778 9020, juhani.elomaa@taaleri.com
Attachment: Terms
and Conditions of Taaleri Plc Stock Options 2022
Distribution:Nasdaq HelsinkiKey
mediawww.taaleri.com
Taaleri in brief
Taaleri is a Nordic investment and asset manager
with an emphasis on renewable energy and other alternative
investments. We channel capital towards economically profitable
undertakings that have a lasting positive impact on the environment
and society. We are a signatory of the UN Principles for
Responsible Investment (UNPRI) since 2010, and we joined the Net
Zero Asset Managers initiative in 2021. Taaleri’s vision is to be a
Nordic forerunner in alternative investments focusing on
sustainability.
Taaleri has two business segments: Private Asset
Management and Strategic Investments. Private Asset Management
consists of renewable energy, real estate and bioindustry
businesses. The Strategic Investments segment includes Garantia
Insurance Company Ltd.
Taaleri has EUR 2.2 bn of assets under
management in its private equity funds and co-investments. The
company has approximately 120 employees. Taaleri Plc is listed on
Nasdaq Helsinki.
www.taaleri.com
Siri Markula, Head of Communications and IR,
tel. +358 40 743 2177, siri.markula@taaleri.com
- Terms and Conditions of Taaleri Plc Stock Options 2022
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