Skip to main content

Robit Plc: ROBIT PLC’S BOARD OF DIRECTORS HAS DECIDED ON SHARE-BASED INCENTIVE SCHEME FOR KEY PERSONNEL OF THE COMPANY

Written by Customer Service on . Posted in Public Companies.

ROBIT PLC                 STOCK EXCHANGE RELEASE             25.3.2020 AT 12.55ROBIT PLC’S BOARD OF DIRECTORS HAS DECIDED ON SHARE-BASED INCENTIVE SCHEME FOR KEY PERSONNEL OF THE COMPANYRobit Plc has decided on share-based incentive scheme for key personnel. The purpose of the variable long-term incentive scheme is to encourage key personnel to implement the company’s important strategic objectives. The targets are based on Robit Plc’s long-term strategic goals in a way that they strive to promote Robit Plc’s long-term financial successIncentive scheme covers years 2020-2022. The scheme has three elements: own investment of the key personnel in Robit shares (base share plan), reward shares by the company (matching share plan) and performance-based additional share plan (performance matching plan). Share-based incentive scheme covers approximately 25 individuals. Matching shares and performance matching shares will be paid in April 2023. If all three main elements of the scheme will be fulfilled in total as determined in the plan and according to the target setting of the Board of Directors of the company, the maximum amount of shares issued based on the plan will be 450 000 shares, corresponding to 2,1 percent of the current outstanding shares of the company.ROBIT PLCBoard of DirectorsAdditional information:
Harri Sjöholm, Chairman of the Board
Tel. +358 400 622 092
harri.sjoholm@robitgroup.comRobit is a strongly internationalized growth company servicing global customers and selling drilling consumables for applications in mining, construction and contracting, tunneling and well drilling. The company’s offering is divided into three product and service ranges: Top Hammer, Down-the-Hole and Digital Services. Robit has 12 of its own sales and service points throughout the world as well as an active sales network in 115 countries. Robit’s manufacturing units are located in Finland, South Korea, Australia and the UK. Robit’s shares are listed on NASDAQ Helsinki Ltd. Further information is available at: www.robitgroup.com.Distribution:
Nasdaq Helsinki Ltd
Key media
www.robitgroup.com

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.