NYAB decided on the new performance period of the performance share plan
20.06.23NYAB Plc
COMPANY ANNOUNCEMENT
20 June 2023 at 12:30
NYAB decided on the new performance period of the performance share plan
NYAB Plc’s Board of Directors decided to establish a performance share plan for employees and executives on 3 June 2022. The performance share plan consists of two performance periods, covering the financial years of 2022–2023 and 2023–2024 respectively. The Board of Directors has now decided on the target group, allocations, performance criteria, and targets for the performance period 2023-2024. The Board of Directors has approved approximately 350 employees as eligible for participating in the performance period, of which gross rewards corresponding to the value of an approximate maximum total of 7,000,000 shares in NYAB Plc are to be paid. Performance criteria are mainly set based on financial targets of the group.
Share rewards earned from the first performance period will be paid to participants of the performance share plan in spring 2024. Share rewards earned from the second performance period that was now confirmed will be paid in spring 2025. The purpose of the performance share plan is to drive performance and promote an entrepreneurial culture in NYAB by strengthening the long-term ownership of personnel.
Contacts
- Johan Larsson, CEO, NYAB Oyj, +46 (0)70 182 5070, johan.larsson@nyabab.se
About NYAB Oyj
NYAB is a builder of a clean future with decades of experience in complex and demanding projects. We are enabling green transition in the Nordics by providing engineering, construction, and maintenance services to public and private sector clients regarding renewable energy and sustainable infrastructure. NYAB is headquartered in Oulu and it has more than 350 employees at different locations in Finland and Sweden.
NYAB Plc's Certified Adviser is Augment Partners AB, info@augment.se, phone +46 8 604 22 55.
