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Grant of Performance Share Units and reporting of transactions in accordance with Article 19 of the Market Abuse Regulation

Written by Customer Service on . Posted in Public Companies.

Company announcement 05 2020/21
Allerød 8 September 2020
Grant of Performance Share Units and reporting of transactions in accordance with Article 19 of the Market Abuse Regulation
In accordance with Matas A/S’ Overall Guidelines for Incentive Pay, Matas A/S has today granted a total of 129,356 Performance Share Units (”PSUs”), comprising 72,525 PSUs to executive management and 56,831 PSUs to other executives in accordance with the company’s long term incentive programme.Subject to the achievement of two KPIs, weighted 50% each, the number of PSUs awarded may vary upon vesting in an interval of 75% and 150% of the original number of PSUs awarded. One KPI is based on the development in EBITDA and the other KPI is based on the development in revenue in the period up to and including the 2022/23 financial year.The PSUs are awarded free, and assuming that the PSUs vest and do not lapse, each PSU entitles the holder to receive one Matas share at the time of vesting.Subject to achieving the KPIs mentioned above, the PSUs will vest after the publication of the annual report for the financial year 2022/23.At maximum achievement of the KPIs in the period from the start of the financial year 2020/21 and until the close of the financial year 2022/23, the value of the PSUs at Mondays’s closing price is DKK 13.3 m.It is a condition for participating in the programme, that the participants over a four-year period acquire a holding of Matas shares in a fixed proportion to their gross salary.According to the EU Market Abuse Regulation Article 19, Matas received the following reports from management and their related parties’ regarding transactions in Matas shares and related securities in connection with the grant of the PSUs.


For further informationAnders T. Skole-Sørensen
CFO
Tel.: +45 48 16 55 55Attachment05 2020-21 – Grant of PSUs and transactions in acc. w. Article 19

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