Endomines Finland Plc's Board of Directors decided on a share-based incentive program for company’s key employees
Endomines Finland Plc | Stock Exchange Release | 21/1/2025 | at 13.30 EET
Endomines Finland Plc's Board of Directors decided on a share-based incentive program for company’s key employees
As of 21st January 2025, the Board of Directors of Endomines Finland Plc decided on a share-based incentive program for company’s key employees for the years 2025–2027. The purpose of the program is to engage key employees in the company's objectives and create incentives to increase shareholder value.
The performance-based share incentive plan for 2025–2027 consists of a 1-year performance period and a two-year holding period. Possible rewards will be paid in April 2026, if the set performance targets are met.
Participants must hold the shares after payment during the 2-year holding period. The performance metric applied to the performance period is total shareholder return. The baseline of the incentive program is achieved when the share price is EUR 10.50, and the maximum level is achieved when the share price is EUR 21.00, minus any dividends paid. The plan will involve a maximum of 35 individuals and the plan rewards will be equivalent to a maximum of 36,000 shares.
Further information:
Kari Vyhtinen
CEO
Endomines Finland Plc
kari.vyhtinen@endomines.com
+358 40 585 0050
Endomines Finland Plc is a Finnish forerunner in sustainable mining. Our operations are focused on gold production and exploration in the Karelian Gold Line in Eastern Finland. We also own the rights to seven gold deposits in the United States. We produce gold for the jewellery and electronics industries and create value by turning natural resources into wealth; an investment that can withstand global political instability. Our vision is to develop the Karelian gold line into one of the most important and sustainable gold-producing regions in the world. Endomines is listed on the OMX Helsinki (PAMPALO). www.endomines.com.