Olvi Oyj: The Board of Directors of Olvi plc has decided on new performance period for the long-term share-based incentive plan
Olvi plc Stock exchange release 10 March 2026 at 4:00 p.m.
Other information disclosed according to the rules of the Exchange
The Board of Directors of Olvi plc has decided on new performance period for the long-term share-based incentive plan
At its meeting on 10 March 2026, the Board of Directors of Olvi plc decided on a new performance period of the Performance Share Plan (PSP) for 2026-2028 and on the plans' participants, share amount and share allocation.
Olvi has announced the establishment of this plan through a release on 19 December 2023.
Performance Share Plan 2026-2028
The purpose of the Performance Share Plan is to align the interests of the company's shareholders and key employees to increase the company's value in the long term and to retain key employees in the company.
The earning criteria are Group's Scandinavian, Balkan and Baltic businesses' cumulative operating result, the sales of non-alcoholic products and reduction in climate emissions from own production per liter produced.
Around 39 people are eligible to participate in the PSP 2026-2028 plan, including the members of the Group Management Team and the CEO.
Any share rewards will be paid in Olvi plc Series A shares by the end of May 2029. A prerequisite for the payment of the rewards is the achievement of the performance targets set for the plan by the Board of Directors.
If the performance targets set for PSP 2026-2028 are achieved in full, the total number of share rewards to be paid under the plan will be up to 41, 440 net shares, as well as a cash portion covering taxes and statutory social insurance contributions incurred by the key employees.
Based on the current value of Olvi plc Series A share, the estimated total value of this plan is around EUR 2.188 million. The actual value of the plan may differ from this estimate based on share performance and the degree of achievement of the performance targets set for the plan.
Other terms and conditions
As a rule, if a key employee's employment or service contract ends before the payment of the reward, no reward will be paid.
The Board of Directors has set a cap for incentive plan rewards: gross rewards to be paid in one year may not exceed 200% of the gross annual salary.
A member of the Group Management Team, including the CEO, is obliged to hold 50% of the shares they earn until the value of their shareholding in the company equals 50% of their annual base salary in the year calendar preceding the payment of the reward. This number of Olvi plc shares must be held for as long as their membership of the Group Management Team continues.
Olvi plc
Board of Directors
More information:
Nora Hortling
Chair of the Board
Tel. +358 50 3754 626
Distribution:
Nasdaq Helsinki Ltd
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