The Board of Verkkokauppa.com Oyj resolved on a new Performance Period under Performance Matching Share Plan 2023–2027
Verkkokauppa.com Oyj STOCK EXCHANGE RELEASE [12th] [February] 2025 at [14:30] EET
The Board of Directors of Verkkokauppa.com Oyj ("Verkkokauppa.com" or the "Company") has on 12 February 2025 resolved on a new Performance Period under the Company's Performance Matching Share Plan 2023–2027 announced in May 2023.
The aim of the plan is to align the objectives of the shareholders and the management to increase the value of the Company in the long-term, to encourage the management to personally invest in the Company's shares, to retain the target group at the Company, and to offer them a competitive incentive plan in which the participants may earn shares as a reward for performance and their personal investment.
The Performance Matching Share Plan 2023–2027 comprises of annually commencing three-year's Performance Periods of which the first commenced in the beginning of 2023. The Board of Directors has on 12 February 2025 resolved on the commencement of the third Performance Period covering years 2025–2027. The performance criterion in the third Performance Period 2025–2027 is the Total Shareholder Return of the Company's share (TSR). The achievement of the required TSR levels will determine the proportion out of the maximum reward that will be paid to a participant. The prerequisite for participation in the plan and receiving the reward is that the person allocates freely transferable Verkkokauppa.com shares held by him or her to the plan or acquires the Company's shares in a number determined by the Board of Directors.
The rewards for the Performance Period 2025–2027 will be paid partly in the Company's shares and partly in cash by the end of May 2028. The cash proportion is intended to cover taxes and tax-related costs arising from the reward to the participant. As a rule, no reward will be paid if a participant's employment or service ends before the reward payment. The CEO is obligated to hold 50 per cent of the reward shares until the CEO's total personal shareholding in the Company corresponds to the CEO's annual salary.
The target group of the plan consists of eight people (the CEO and all members of the Management Team). The maximum number of shares to be paid from the third Performance Period 2025–2027 is a total of 340,000 Verkkokauppa.com shares, including the proportion to be paid in cash. The final number of shares depends on the number of shares acquired by the participants and the achievement of the TSR levels.
Verkkokauppa.com Oyj Board of Directors
For more information, please contact:
Klaus Korhonen, Secretary of the Board of Directors Verkkokauppa.com Oyj klaus.korhonen@verkkokauppa.com Tel. +358 50 32 555 28
Verkkokauppa.com is an e-commerce pioneer that stands passionately on the customer's side. Verkkokauppa.com accelerates the transition of commerce to online with Finland's fastest deliveries and ultimate convenience. The company leads the way by offering one-hour deliveries to more than 1.7 million customers, a winning assortment and probably always cheaper prices. Everyday, the company strives to find more streamlined ways to surpass its customers´ expectations and to create a new norm for buying and owning. Verkkokauppa.com was founded in 1992 and has been online since day one. The company's revenue in 2024 was EUR 468 million and it employs around 600 people. Verkkokauppa.com is listed on the Nasdaq Helsinki stock exchange.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Associated Press
2 days ago
- Associated Press
3M Board Declares Quarterly Dividend
ST. PAUL, Minn., Aug. 15, 2025 /PRNewswire/ -- The 3M Board of Directors (NYSE:MMM) today declared a dividend on the company's common stock of $0.73 per share for the third quarter of 2025. The dividend is payable Sept. 12, 2025, to shareholders of record at the close of business on Aug. 25, 2025. 3M has paid dividends to its shareholders without interruption for more than 100 years. About 3M 3M (NYSE: MMM) is focused on transforming industries around the world by applying science and creating innovative, customer-focused solutions. Our multi-disciplinary team is working to solve tough customer problems by leveraging diverse technology platforms, differentiated capabilities, global footprint, and operational excellence. Discover how 3M is shaping the future at Investor Contact: Diane Farrow 612-202-2449 or Eric Herron 651-233-0043 Media Contact: [email protected] View original content to download multimedia: SOURCE 3M Company
Yahoo
2 days ago
- Yahoo
Kyte, which billed itself as the ‘best competitor to Hertz,' shuts down
Rental car startup Kyte has shut down nearly one year after slashing staff and exiting most of its cities in the United States. The company sold its customer list to Turo in July, and then turned right around and entered into a form of receivership in California, according to a notice that went out to Kyte creditors. Kyte fell behind on some of its loans earlier this year, according to the notice. That caused the company's top lender to repossess and liquidate Kyte's vehicle fleet. Kyte's board of directors 'pursued various capital solutions' to keep the company alive, the notice states. But the company wasn't able to line up financing and the board voted to wind down Kyte. While Kyte passed its customer list to Turo, a number of users who had pre-booked trips before the shutdown have complained that they're stuck waiting on refunds for hundreds of dollars. Some who spoke to TechCrunch said they were able to get their credit card companies to perform a chargeback, while others have had no luck. Kyte CEO Nikolaus Volk told TechCrunch in a message that chargebacks may be the quickest way for customers to get that money back. Founded in 2019, Kyte provided on-demand rental cars that it also delivered directly to customers' homes. It controlled its own fleet of vehicles, making it a bit more like ZipCar and less like the peer-to-peer offerings of players like Turo. Kyte grew to 14 markets and raised more than $300 million in financing over its lifetime, and started billing itself as the 'best competitor to Hertz.' The business started coming apart in 2024, Volk told TechCrunch last year. Kyte was struggling to generate free cash flow in markets like Atlanta, Chicago, Boston, and Washington, D.C. Volk said his team explored selling the business, but decided to restructure and focus on reaching profit in the two biggest markets of San Francisco and New York City. Kyte's not the only startup in this sector to run into trouble — especially in the United States. Getaround, another peer-to-peer vehicle rental service, shuttered its U.S. operations in February of this year to focus on its European business. TrueCar founder Scott Painter pivoted away from vehicle subscriptions in 2024 after struggling to build up a business called Autonomy. Sign in to access your portfolio
TechCrunch
2 days ago
- TechCrunch
Kyte, which billed itself as the ‘best competitor to Hertz,' shuts down
Rental car startup Kyte has shut down nearly one year after slashing staff and exiting most of its cities in the United States. The company sold its customer list to Turo in July, and then turned right around and entered into a form of receivership in California, according to a notice that went out to Kyte creditors. Kyte fell behind on some of its loans earlier this year, according to the notice. That caused the company's top lender to repossess and liquidate Kyte's vehicle fleet. Kyte's board of directors 'pursued various capital solutions' to keep the company alive, the notice states. But the company wasn't able to line up financing and the board voted to wind down Kyte. While Kyte passed its customer list to Turo, a number of users who had pre-booked trips before the shutdown have complained that they're stuck waiting on refunds for hundreds of dollars. Some who spoke to TechCrunch said they were able to get their credit card companies to perform a chargeback, while others have had no luck. Kyte CEO Nikolaus Volk told TechCrunch in a message that chargebacks may be the quickest way for customers to get that money back. Founded in 2019, Kyte provided on-demand rental cars that it also delivered directly to customers' homes. It controlled its own fleet of vehicles, making it a bit more like ZipCar and less like the peer-to-peer offerings of players like Turo. Kyte grew to 14 markets and raised more than $300 million in financing over its lifetime, and started billing itself as the 'best competitor to Hertz.' The business started coming apart in 2024, Volk told TechCrunch last year. Kyte was struggling to generate free cash flow in markets like Atlanta, Chicago, Boston, and Washington, D.C. Volk said his team explored selling the business, but decided to restructure and focus on reaching profit in the two biggest markets of San Francisco and New York City. Techcrunch event Tech and VC heavyweights join the Disrupt 2025 agenda Netflix, ElevenLabs, Wayve, Sequoia Capital, Elad Gil — just a few of the heavy hitters joining the Disrupt 2025 agenda. They're here to deliver the insights that fuel startup growth and sharpen your edge. Don't miss the 20th anniversary of TechCrunch Disrupt, and a chance to learn from the top voices in tech — grab your ticket now and save up to $600+ before prices rise. Tech and VC heavyweights join the Disrupt 2025 agenda Netflix, ElevenLabs, Wayve, Sequoia Capital — just a few of the heavy hitters joining the Disrupt 2025 agenda. They're here to deliver the insights that fuel startup growth and sharpen your edge. Don't miss the 20th anniversary of TechCrunch Disrupt, and a chance to learn from the top voices in tech — grab your ticket now and save up to $675 before prices rise. San Francisco | REGISTER NOW Kyte's not the only startup in this sector to run into trouble — especially in the United States. Getaround, another peer-to-peer vehicle rental service, shuttered its U.S. operations in February of this year to focus on its European business. TrueCar founder Scott Painter pivoted away from vehicle subscriptions in 2024 after struggling to build up a business called Autonomy.
