Ponsse Plc
Other information disclosed according to the rules of the Exchange
June 11, 2024, AT 2.45 PM
 

The Board of Directors of Ponsse Plc established two share-based incentive plans for the CEO and key employees of the group in 2023. The key terms of the incentive plans were published in a stock exchange release on 3 March 2023. The Board of Directors of Ponsse Plc decided on new performance periods for the share-based incentive plans of the group.

The CEO Performance-Based Share Ownership Plan, Performance Period 2024—2026

During the performance period 2024-2026 of the CEO Performance-Based Share Ownership Plan, the rewards are based on the group’s operating result, revenue, personnel satisfaction and injury frequency (LTIF).

The matching reward will be paid by the end of May 2025. The matching shares delivered as a matching reward cannot be transferred during a restriction period that will end on 31 December 2026. The performance-based reward will be paid by the end of May 2027.

The amount of rewards to be paid based on the performance period 2024-2026 will correspond to an approximate maximum total of 50 000 Ponsse Plc shares, including also the portion to be paid in cash (gross reward).

Key Employee Performance-Based Matching Share Plan, Performance Period 2024—2026

During the performance period 2024-2026 of the Key Employee Performance-Based Matching Share Plan, the rewards are based on the group’s operating result, revenue, personnel satisfaction and injury frequency (LTIF).

The matching reward will be paid as soon as practically possible after the acquisition of the investment shares and confirmation of reward. The matching shares delivered as a matching reward cannot be transferred during a restriction period, which will end on 31 December 2026. The performance-based reward will be paid by the end of May 2027.

The amount of rewards to be paid based on the performance period 2024–2026 will amount to a maximum total of 60 000 Ponsse Plc shares (net reward). In addition, the company pays the taxes and statutory social security contributions arising from the reward to participants in connection with the reward payment. The estimate includes the matching rewards to be paid in 2024.

Approximately 140 key employees, including the Management Team members but excluding the President and CEO, belong to the target group of the plan.

Vieremä, 11 June 2024


PONSSE PLC

The Board of Directors


FURTHER INFORMATION
Jarmo Vidgren, Chairman of the Board of Directors, tel. +358 40 519 1486


DISTRIBUTION
Nasdaq Helsinki Ltd
Principal media
www.ponsse.com