The Board of Directors of Evli Bank Plc has resolved to establish a new share-based incentive plan
EVLI BANK PLC STOCK EXCHANGE RELEASE JUNE 14, 2019 AT 2.00 PM
The Board of Directors of Evli Bank Plc has resolved to establish a new share-based incentive plan directed to selected key employees of the company. Rewards paid based on the plan will be paid in Evli Bank Plc's shares. The maximum number of shares to be paid corresponds to 350,000 Evli's Series B shares (gross number of shares before reduction of applicable tax deductions).
The aim with the share-based incentive plan is to support Evli's strategy and align the objectives of the shareholders and the selected key employees to increase the value of Evli in the long-term. In addition, the aim is to retain the selected key employees at the company and to offer them a competitive reward plan.
The reward from the incentive plan is awarded to the participants in one installment in June 2019. The prerequisite for reward award and reward payment is that a participant's employment or service is in force. In addition, the Board of Directors may consider the participant's work contribution and the company's financial performance.
The installment has a four-year deferral period. Ownership rights to the shares subject to the reward are transferred to the beneficiary only after the end of the deferral period. Therefore, the ownership is transferred to the participants after the relevant deferral period in June 2023. The shares will be subject to a one-year transfer restriction.
Evli Bank Plc
Board of Directors
For additional information, please contact
Juho Mikola, CFO, Evli Bank Plc, tel. +358 40 717 8888, email@example.com
Evli Bank Plc
Evli is a bank specialized in investments that helps institutions, corporations and private persons increase their wealth. The product and service offering includes mutual funds, asset management and capital markets services, alternative investment products, equity research, administration of incentive programs and Corporate Finance services. The company also offers banking services that support clients' investment operations. Evli is the highest ranked and most used institutional asset manager in Finland*.
Evli has a total of EUR 11.9 billion in client assets under management (net 3/2019). The Evli Group's equity capital totals EUR 66.6 million and its BIS capital adequacy ratio is 15.8 percent (March 31, 2019). The company has more than 250 employees. Evli Bank Plc's B shares are listed on Nasdaq Helsinki Ltd.
*KANTAR SIFO Prospera External Asset Management Finland 2015, 2016, 2017, 2018, SFR Scandinavian Financial Research Institutional Investment Services, Finland 2015, 2016 ,2017, 2018.
Distribution: Nasdaq Helsinki Ltd, main media, www.evli.com