Latest news with #PerformanceSharePlan
Yahoo
06-03-2025
- Business
- Yahoo
Aspocomp's Board of Directors has resolved on a directed share issue to deliver the rewards of the long-term incentive scheme
Aspocomp Group Plc, Stock Exchange Release, March 6, 2025, at 11:55 July 20, 2022, the Board of Directors of Aspocomp Group Plc decided on the establishment of a share-based long-term incentive scheme for the company's senior management and selected key employees. The first performance period 2022–2024 of the Performance Share Plan began in July 2022 and ended at the end of 2024. The performance criteria for the performance period were met for the CEO. In addition, the CEO had been granted a commitment bonus to which no performance criteria were applied. The Board of Directors of Aspocomp Group Plc has, based on the authorization granted by the Annual General Meeting on April 18, 2024, resolved on a directed share issue without payment to the CEO for the purpose of delivering share rewards. In the share issue, 7,800 new shares in the company will be issued without consideration to the company's CEO in deviation from the shareholders' pre-emptive subscription right for the payment of the rewards of the performance period 2022–2024 and the commitment accordance with Chapter 9, Section 4, Subsection 1 of the Finnish Companies Act, there is a particularly weighty financial reason for the deviation from the shareholders' pre-emptive subscription right from the company's point of view and taking into account the interests of all its shareholders, as the shares will be issued for the purpose of delivering a share reward under the long-term incentive plan in accordance with the terms and conditions of the plan and for the payment of the commitment new shares issued in the share issue will be registered with the Trade Register on or about March 20, 2025, and will be applied for public trading on or about March 21, 2025. After the registration of the new shares with the Trade Register, the total number of shares in the company will be 6,849,240 further information, please contact the Chair of the Board of Directors, Päivi Marttila, tel. +358 40 028 GROUP PLCBoard of DirectorsAspocomp – heart of your technologyA printed circuit board (PCB) is used for electrical interconnection and as a component assembly platform in electronic devices. Aspocomp provides PCB technology design, testing and logistics services over the entire lifecycle of a product. The company's own production and extensive international partner network guarantee cost-effectiveness and reliable customers are companies that design and manufacture telecommunication systems and equipment, automotive and industrial electronics, and systems for testing semiconductor components for security technology. The company has customers around the world and most of its net sales are generated by is headquartered in Espoo and its plant is in Oulu, one of Finland's major technology in to access your portfolio
Yahoo
25-02-2025
- Business
- Yahoo
Unilever CEO Hein Schumacher to step down
-- Unilever PLC (LON:ULVR) said on Tuesday that its Chief Executive Officer Hein Schumacher, is set to leave the company, in a surprise move. The consumer goods giant said that Schumacher's departure will take effect on May 31 and that Fernando Fernandez, the current Chief Financial Officer, has been named his successor. Schumacher's tenure at Unilever has been relatively brief, having taken over as CEO from Alan Jope in July 2023. Despite Schumacher's departure, Unilever has stated that its guidance for 2025 remains unchanged. Fernandez brings considerable experience to his new role. Prior to serving as the company's Chief Financial Officer, he was the president of Unilever's beauty and wellbeing unit. 'The Board has been impressed with Fernando's decisive and results-oriented approach and his ability to drive change at speed. He partnered in the development of the GAP and in driving the productivity programme." Unilever Chairman Ian Meakins said in a press release. "He has a strong track record of performance and portfolio management, a love of brands and a profound knowledge of Unilever's operations," he added. The company also added that Fernando will receive fixed pay of Euro 1,800,000 and will be eligible to participate in an annual bonus and Performance Share Plan awards, in line with Unilever's policy. An internal and external search process has been initiated to appoint a permanent CFO, while Srinivas Phatak, currently Unilever's Deputy CFO will serve as acting CFO. Related Articles Unilever CEO Hein Schumacher to step down Tesla updates autopilot software in China, owners say move falls short of hopes India's Reliance touts 'brain mapping' to lure IPL advertisers after Disney merger
Yahoo
18-02-2025
- Business
- Yahoo
Vaisala's Board of Directors resolved on share-based long-term incentive plans
Vaisala Corporation Stock exchange release February 18, 2025, at 9:15 a.m. (EET) Vaisala's Board of Directors resolved on share-based long-term incentive plans Vaisala's Board of Directors has resolved on two share-based long-term incentive plans for the company's key employees. The aim of these plans is to support execution of Vaisala's growth strategy, align the objectives of Vaisala's shareholders and key employees in order to increase the value of the company in the long-term and commit key employees to the company. The potential rewards from these plans will be paid partly in Vaisala's series A shares and partly in cash. The cash proportion is intended to cover taxes and tax-related costs arising from the rewards to participants. In general, no reward is paid if participant's employment or director contract terminates before the reward payment. A participant may be obliged to own shares received on the basis of these plans. The Board of Directors decides on the share ownership obligation. Vaisala's Board of Directors requires, that the President and CEO and each member of the Leadership Team retains their ownership of shares until the value of their ownership in Vaisala corresponds to at least their annual gross base salary. Performance Share Plan 2025–2027 (PSP) The potential rewards from the Performance Share Plan 2025–2027 will be based on the total shareholder return of Vaisala's share (TSR), average operating result margin (EBIT) during the performance period, and sustainability target. The rewards to be paid on the basis of the Performance Share Plan 2025–2027, in the event that maximum performance against all the performance criteria is achieved, correspond to the value of an aggregate 220,000 Vaisala series A shares, including the proportion to be paid in cash. Approximately 70 key employees will be nominated to the plan, including members of the Vaisala Leadership Team. The potential rewards under the Performance Share Plan 2025–2027 will be paid partly in Vaisala's series A shares and partly in cash in 2028. The cash proportion is intended to cover taxes and tax-related costs arising from the rewards. According to the plan's terms and conditions, rewards will be paid to participants whose employment or service continues at the time of the payment. Vaisala's Board of Directors also requires, that the President and CEO and each member of the Vaisala Leadership Team retains their ownership of shares received under this plan until the value of their ownership in Vaisala corresponds to at least their annual gross base salary. Restricted Share Unit Plan 2025–2027 (RSP) The Restricted Share Unit Plan 2025–2027 consists of vesting periods lasting for 12 to 36 months, as decided by the Board of Directors. In the plan, the participants are given an opportunity to receive a pre-determined number of restricted shares. The reward is conditional to a valid employment or director contract and the continuity of the employment or service during a vesting period. The rewards based on the plan will be paid after the end of the vesting period, provided that the employment or director contract is in force on the reward payment date. The rewards to be allocated from the RSP pool of shares during 2025–2027 correspond to the value of a maximum total 20,000 Vaisala's series A shares, including the potential proportion to be paid in cash. Additional information Timo Leskinen EVP, Human Resources Tel. +358 40 647 1842 Distribution Nasdaq Helsinki Key media Vaisala is a global leader in measurement instruments and intelligence for climate action. We equip our customers with devices and data to improve resource efficiency, drive energy transition, and care for the safety and well-being of people and societies worldwide. With almost 90 years of innovation and expertise, we employ a team of close to 2,500 experts committed to taking every measure for the planet. Vaisala series A shares are listed on the Nasdaq Helsinki stock exchange. in to access your portfolio
