Suomen Hoivatilat Oyj: Hoivatilat Board decided on the share reward programme

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Suomen Hoivatilat Oyj

Stock exchange release 13 June 2018 at 7:55 am EET

Hoivatilat Board decided on the share reward programme

 Personnel share reward programme for 2018-2021
             
On 12 June 2018, the Board of Directors of Suomen Hoivatilat Oyj decided to continue the long-term personnel share reward programme approved by the Annual General Meeting of 2018 under the following terms:

The system will be established as part of the incentive and loyalty system of the personnel of the company and its subsidiaries. The purpose is to unify the goals of owners and personnel in order to raise the value of the company in the long run, to keep the personnel engaged with the company and offer them a competitive reward system based on the earning and accumulation of company shares.

There are two (2) periods in the system: earning period 1 June 2018-30 November 2019 and earning period 1 June 2018-31 May 2021. The earning criterion to be applied to the share reward programme is total shareholder return (TSR) during the earning period.
Under this programme, a maximum of 250,000 shares will be paid out to personnel, as well as a cash portion, which is needed to cover the taxes incurred by the participants from the awards.

             
Suomen Hoivatilat Oyj

Board of Directors

Further information:
Suomen Hoivatilat Oyj, CEO Jussi Karjula, jussi.karjula@hoivatilat.fi, tel. +358 40 773 4054

Suomen Hoivatilat in brief:
Suomen Hoivatilat Oyj specialises in producing, developing, owning and leasing out nursing homes, day care centres and service blocks. Founded in 2008, Hoivatilat has been working in cooperation with as many as 50 Finnish municipalities and has launched 120 property projects throughout Finland. The company was listed on the Nasdaq Helsinki stock exchange on 1 March 2017.