Industria
Kamux established a new matching share plan for its future key employees
The Green Lions Plan 2024-2029 includes four (4) matching periods, covering years 2024-2026, 2025-2027, 2026-2028 and 2027-2029. The prerequisite for participation in the plan and receiving a reward is that a participant personally has acquired Kamux shares within the limits set by the Board of Directors. Furthermore, payment of the reward is based on the participant's valid employment contract upon reward payment.
The Board of Directors will resolve annually on the commencement and details of a matching period. The potential rewards from the plan will be paid after the end of each matching period.
The target group of the first matching period of January 1, 2024 - December 31, 2026 , consists of approximately 70 recognized future key employees, who are not included in Kamux's other share-based incentive plans. Members of the Management Team are not included in the target group. As a reward for the commitment, Kamux grants the participants a gross reward of one matching share for every share committed to the plan. The rewards to be paid on the basis of the plan correspond to the value of an approximate maximum total of 270,000 Kamux Corporation shares (estimated using the closing share price of January 17, 2024 5.23 euros ), including also the proportion to be paid in cash. The final number of shares will depend on the number of shares the participants commit to the plan.
The rewards from the first matching period will be paid by the end of March 2027 . The rewards will be paid partly in company shares and partly in cash. The cash proportion is intended to cover taxes and social security contributions arising from the reward to the participant. As a rule, no reward will be paid if a participant's employment terminates before the reward payment.
For more information, please contact:
Marjo Nurmi , Chief People and Sustainability Officer, tel. +358 50 632 16
Kamux Corporation
Communications
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