Administer Plc’s Board of Directors has confirmed the target group, earning criteria and number of shares for the second earning period of the long-term incentive plan
Company release 19 December 2024 at 17.30 EET
Administer Plc’s Board of Directors has confirmed the target group, earning criteria and number of shares for the second earning period of the long-term incentive plan
The share-based incentive plan for 2024–2028 consists of three (3) three-year (3) earning periods: the calendar years 2024–2026, 2025–2027 and 2026–2028.
As part of the plan, each participant can earn Administer Plc’s shares based on the fulfilment of the earning criteria. The Board of Directors will decide on the earning criteria and the targets set for each earning criterion at the beginning of each earning period. The possible rewards under the incentive plan will be paid after the end of each earning period.
In the 2025–2027 earning period, the earning of rewards will be based on the following earning criteria:
- The company’s EBITDA (70%) in 2025–2027
- The company’s net sales (30%) in 2025–2027
The gross rewards payable under the 2025–2027 earning period correspond to the value of maximum of 906,600 Administer Plc shares, including the portion to be paid in cash. In the 2025–2027 earning period, the target group of the share-based incentive plan comprises key employees determined by the Board of Directors, including the Group’s CEO and Management Team.
The rewards from the share-based incentive plan will be paid partly in Administer Plc’s shares and partly in cash. The cash portion is intended for covering taxes and tax-related costs arising from the reward to the participant. In general, no reward will be paid if a participant’s employment or service in the Group ends during the earning period.
A member of the Management Team is obligated to hold at least 25% of the net shares received under the new plan until the total value of their shareholding in the company corresponds to 35% of the value of their annual salary. This shareholding must be retained as long as the participant is a member of the Management Team.
More information:
Kimmo Herranen
CEO
Administer Plc
tel. +358 50 560 6322
kimmo.herranen@administer.fi
Certified adviser:
Evli Plc
tel. +358 40 579 6210
About Administer Oyj
Administer Group is a multi-talent in payroll and financial management services, software services, consulting, personnel and international services. We are the largest salary outsourcing partner in Finland and the leading expert in the fight against the grey economy. Our services are used by more than 5,000 customers, from SMEs to large companies, as well as municipalities and other public sector actors. Founded in 1985, the company is listed on the First North list of Nasdaq Helsinki.
Administer Group consists of payroll management service company Silta Oy, accounting company Administer, business service and employment expert Econia Oy and software company EmCe Solution Partner Oy. In addition, the Group includes other subsidiaries and associated companies.
www.administergroup.com