In March 2022, Partnera Corporation’s Board of Directors decided on the new earnings period for the long-term incentive scheme for the Group’s key personnel. The purpose of the scheme is to bring together the objectives of the company’s owners and the scheme’s participants in order to increase the value of the company in the long term, as well as commit key personnel to the company and offer them a competitive remuneration system based on earning and accumulating the company’s shares.
The scheme has three earnings periods, the calendar years 2021–2023, 2022–2024, and 2023–2025. The Board of Directors will decide the scheme’s earnings criteria and the aims set for each criterion at the start of each earnings period.
The remuneration will be paid partly in the company’s shares and partly in cash in 2024, 2025, and 2026. The cash portion is intended to cover the taxes and other levies incurred by the participant due to the remuneration. As a rule, remuneration will not be paid if the participant’s employment or service with the company ends before the payment of the remuneration.
The remuneration from the scheme’s second earnings period will be based on the total shareholder return (TSR) of Partnera Corporation’s shares during the period 2022–2024.
The remuneration to be paid based on the earnings period of 2022–2024, with the number of participants at the start of the period, corresponds to, at most, the value of 74,968 of Partnera Corporation’s shares, including the portion to be paid as cash. The target group of the scheme is the persons belonging to the company’s management during the earnings period of 2022–2024.
The Board of Directors decides on the offering of shares in relation to the scheme within the bounds of the authorizations granted in the General Meeting. The Board of Directors can also decide on paying remuneration as cash.
March 19, 2021 (in Finnish)
Partnera Corporation is adopting share-based incentive scheme for key perosnel