Cityvarasto Plc Company Release 16 June 2026 at 4.30 pm EEST
Cityvarasto establishes a new share-based incentive plan for key employees
The Board of Directors of Cityvarasto Plc has resolved to establish a new share-based incentive plan for key employees of the group. The purpose of the plan is to align the interests of the company’s shareholders and key employees to increase the company’s value in the long-term, to commit key employees to implement the company's strategy, objectives and long-term interest and to offer them a competitive incentive plan based on earning and accumulating the company’s shares.
The performance share plan 2026–2028 consists of a performance period, covering the financial years 2026–2028.
In the plan, the target group has an opportunity to earn Cityvarasto’s shares based on performance. The performance criteria of the plan are tied to absolute total shareholder return (TSR), organic group net sales, group EBITDA margin and group EBITDA. The potential rewards from the plan will be paid after the end of the performance period.
The value of the rewards to be paid on the basis of the performance period corresponds to a maximum total of 21 600 shares of Cityvarasto Plc, including also the proportion to be paid in cash. The target group in the performance period 2026–2028 consists of approximately 12 key employees, including the members of the Management Team and the CEO. A prerequisite for participating in the performance period 2026–2028 is that the participant has made an investment in Cityvarasto’s shares.
The potential reward will be paid partly in Cityvarasto’s shares and partly in cash. The cash proportion of the reward is intended to cover taxes and statutory social security contributions arising from the reward to the key employee. As a rule, no reward will be paid if the key employee’s employment or director contract terminates before the reward payment.
The Management Team member must hold 50 per cent of the received shares, until the value of the Management Team member’s total shareholding in Cityvarasto equals to 50 per cent of their annual base salary for the calendar year preceding the payment of the reward. Respectively, the CEO must hold 50 per cent of the received shares, until the value of the CEO’s total shareholding in Cityvarasto equals to 100 per cent of the CEO’s annual base salary for the preceding calendar year. Such number of Cityvarasto’s shares must be held as long as the membership in the Management Team or the position as the CEO continues.
Further enquiries
Ville Stenroos, CEO, Cityvarasto Plc, tel. +358 29 123 4747
Matti Leinonen, CFO, Cityvarasto Plc, tel. +358 29 123 4768
Certified Advisor
Skandinaviska Enskilda Banken AB (publ) Helsinki Branch, tel. +358 9 6162 8000
Information about Cityvarasto
Cityvarasto is a Finnish company established in 1999, operating in the self-storage sector. In addition to the parent company Cityvarasto Plc, the Cityvarasto Group includes, as its principal subsidiaries, PakuOvelle.com Oy, which specialises in van rentals, and the moving services companies Suomen Opiskelijamuutot Oy and Ja-Ki Muutto Oy. The company’s shares are listed on Nasdaq First North Growth Market Finland under the ticker symbol CITYVA.