Skip to main content

Sanoma continues its long-term incentive programme

Written by Customer Service on . Posted in Public Companies.

Sanoma Corporation, Stock Exchange Release, 7 February 2020 at 8:50 EETSanoma continues its long-term incentive programmeThe Board of Directors of Sanoma Corporation has approved the continuation of the share-based long-term incentive programme for approx. 200 employees. Under the annual share-based long-term incentive programmes originally announced on 7 February 2013 and 7 February 2014, a new Performance Share Plan for 2020-2022 and Restricted Share Plan 2020-2022 is introduced.Performance Share Plan 2020–2022The performance measures for the Performance Share Plan 2020–2022 are based on adjusted free cash flow and adjusted earnings per share targets in 2020.The share rewards payable, subject to the achievement of the performance measures, will be delivered to the participants in spring 2023, subject to meeting the continuous employment or good leaver ground conditions at the time of the payment. The share rewards to be paid will amount up to a maximum of 525,000 Sanoma shares (gross, before the deduction of related taxes).Restricted Share Plan 2020–2022The duration of the Restricted Share Plan commencing at the beginning of 2020 is three years. The share rewards payable based on the plan will be delivered to the participants in spring 2023. The share rewards to be paid will amount up to a maximum of 30,000 Sanoma shares (gross). The plan is introduced only for specific, non-performance related remuneration needs.Additional information
Kaisa Uurasmaa, Head of Investor Relations and CSR, tel. +358 40 560 5601SanomaSanoma is a front running learning and media company impacting the lives of millions every day. We enable teachers to excel at developing the talents of every child, provide consumers with engaging content, and offer unique marketing solutions to business partners.Today, with operations in ten countries including Finland, the Netherlands and Poland, our net sales totalled EUR 900 million and we employed approx. 3,500 professionals in 2019. Sanoma shares are listed on Nasdaq Helsinki. More information is available at www.sanoma.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.