The Board of Directors of
Apetit Plc (\u201cApetit\u201d) has decided
on the establishment of
a long-term
matching share scheme 2023\u20132025
and on the establishment of
a performance-based share
scheme 2023\u20132025, whereupon the possible
rewards will be paid as a combination
of Apetit Plc\u2019s
shares and cash. The members of the Group
Management Team, HR Director and
Communications and Sustainability
Director, currently seven people, are entitled
to participate in
the long-term matching share incentive
scheme at the beginning thereof. The members
of the
Group Management Team, currently five
people, are entitled
to
participate
the
performance-
based share incentive scheme at
the beginning thereof.
Matching share plan
The Matching Share Plan comprises
of the key personnel\u2019s personal
investment in the company's
shares and of their right to receive
one additional share without
consideration for each self-
acquired and retained company share
as described in more detail below,
after the earning period
ends on 15 June 2025, as well as a cash reward
corresponding to the number of
shares to be
issued. The purpose of the cash reward
is to cover the taxes and tax-like
payments to the key
personnel arising from the issuance
of shares.
The matching shares and the related
cash portion have paid to the
participants when the
payment conditions have met on
June 2025, in a manner decided
by the Board of Directors
of
Apetit Plc.
A maximum of 10,000 new shares
or shares held by the company
can be issued as additional
shares and the cash reward corresponding
to the same number of
shares can be given within the
Matching Share Plan. The maximum value of
the plan, including the shares and
the portion to be
paid in cash, was EUR 0.3 million calculated
based on the average share price.
Performance share plan