TRANSFER OF HARVIA’S OWN SHARES AS REWARDS UNDER THE INCENTIVE PROGRAM
June 10 2024 - 6:30AM
TRANSFER OF HARVIA’S OWN SHARES AS REWARDS UNDER THE INCENTIVE
PROGRAM
HARVIA
PLC
STOCK EXCHANGE RELEASE
JUNE 10, 2024 AT 14:30
The Board of Directors of Harvia Plc has on 6
June 2024 decided on a directed share issue without consideration
for the payment of rewards earned under the company’s share-based
incentive program. The share payments concern the performance
period 2021–2023 of the company’s share-based incentive program
launched in 2021.
In the share issue, 865 own shares held by the
company have today been transferred without consideration to the
key employees participating in the share-based incentive program in
accordance with the program-specific terms and conditions.
The company holds a total of 4,207 own shares
after the transfer of shares under the incentive program.
The decision on the transfer of shares is based
on the authorization granted to the Board of Directors by the
Annual General Meeting on 26 April 2024. No new shares shall be
issued in connection with the program, and the program therefore
has no diluting effect on shareholdings.
More information on the launch of the incentive
program and its terms and conditions is available in a stock
exchange release published on 5 July 2021 and on the decision on
the repurchase of own shares for the incentive program in a stock
exchange release published on 14 December 2022. The purpose of the
long-term incentive program is to support the implementation of the
company’s strategy, to align the objectives of the management and
the company’s shareholders to increase the value of the company, to
improve the performance of the company and to strengthen the
commitment of the management to the company.
Additional information: Ari Vesterinen, CFO tel. +358
40 5050 440 ari.vesterinen@harvia.com
Harvia is one of the leading companies
operating in the sauna market globally, as measured by revenue.
Harvia’s brands and product portfolio are well known in the market,
and the company’s comprehensive product portfolio strives to meet
the needs of the international sauna market of both private and
professional customers.
Harvia’s revenue totaled EUR 150.5
million in 2023. Harvia Group employs approximately 600
professionals in Finland, Germany, United States, Romania, China
and Hong Kong, Austria, Italy, Estonia, and Sweden. The company is
headquartered in Muurame, Finland, adjacent to its largest sauna
and sauna component manufacturing facility.
Read more: https://harviagroup.com
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