Sitowise Group Plc Other information disclosed according to the rules of the
Exchange 12 February 2025 at 9.30 a.m. EET
The Board of Directors of Sitowise Group Plc (“Sitowise”) has resolved to
establish new performance and restricted share plans for the period covering the
years 2025-2027.
Within the Performance Share Plan 2025-2027 (“PSP 2025-2027”), the participants
have the opportunity to earn Sitowise shares and cash as a long-term incentive
reward, if the performance targets set by the Board of Directors for the plan
are achieved. The Board has also resolved on a restricted share plan (Restricted
Share Plan 2025-2027) ("RSP 2025-2027"), which is intended as a supplementary
share-based long-term incentive plan. The purpose of these plans is to
incentivize the participants to work for increased shareholder value in the long
-term, to commit them to achieving Sitowise's strategic goals and to increase
retention.
PSP 2025-2027 commences at the beginning of 2025 and has a three-year
performance period. The potential reward will be paid, according to the Board of
Directors' choice, either in Sitowise's shares, in cash, or in a combination of
these after the performance period. The potential share rewards are at the
participants' free disposal after delivery, with the exception of the CEO and
other Group Management Team members. The potential rewards will be delivered to
the participants in the spring 2028.
The performance criteria applied to the PSP 2025-2027 are growth and
profitability (reported EBITA, EUR), profitability (adjusted EBITA,%) and
sustainability services revenue. The respective weights of these targets are
40%, 40% and 20%. In addition, the plan includes a Total Shareholder Return
level that need to be exceeded before any rewards can be paid.
If the targets set for the PSP 2025-2027 are fully achieved, the maximum number
of shares to be delivered based on this plan is 1,002,000 shares, and the
total maximum value of the shares that may be delivered is approximately EUR 2.7
million, estimated based on 3-month average volume weighted share price in
February 2025. The total amount of rewards means their gross amount before the
withholding of the applicable income tax.
The participants include the CEO and other members of the Sitowise Group
Management Team as well as other management and experts. The number of employees
eligible to participate in the PSP 2025-2027 is maximum 80 persons.
According to the Company's share ownership rules, the CEO and other members of
the Group Management Team are expected to retain shares received based on the
plan, or to acquire Sitowise shares with a cash reward received under the plan,
until their share ownership in Sitowise corresponds to at least their fixed
gross annual salary.
Also the RSP 2025-2027 commences at the beginning of 2025. Its purpose is to act
as a supplementary share-based long-term incentive plan for separately selected
Sitowise's key persons in special situations, for example in recruitments or
acquisitions. Within the plan, the Company can grant fixed share rewards to
individually selected key persons during the retention period.
The potential reward will be paid, according to the Board of Directors' choice,
either in Sitowise's shares, in cash, or in a combination of these after the
performance period and they are at the participants' free disposal after
delivery. The potential rewards will be delivered to the participants in the
spring 2028.
The total amount of rewards payable under RSP 2025-2027 corresponds to a maximum
of 40,000 of the Company's shares and the total maximum value of the shares that
may be delivered is approximately EUR 0.1 million, estimated based on the 3
-month volume-weighted average share price in February 2025. The total amount of
rewards means their gross amount before the withholding of the
applicable income tax.
Sitowise Group Plc
Board of Directors
Additional information:
Taija Lehtola, EVP, People & Culture, tel. +358 40 5603 763,
taija.lehtola@sitowise.com
Distribution:
Nasdaq Helsinki Ltd
Major media
www.sitowise.com
About Sitowise
Sitowise is a Nordic expert in the built environment and forestry with strong
focus on digitality. We provide design and consulting knowhow to enable more
sustainable and smarter urban development as well as smooth transportation.
Sitowise offers services related to real estate and buildings, infrastructure,
and digital solutions both in Finland and in Sweden. Global megatrends drive
huge changes that require a re-evaluation of the smartness in the built
environment - therefore we have set our vision to be Redefining Smartness in
Cities. The Group's net sales were EUR 193 million in 2024 and the company
employs more than 2,000 experts. Sitowise Group Plc is listed on Nasdaq Helsinki
under the trading symbol SITOWS.