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The Board of Directors of NoHo Partners Plc has resolved on the fourth earning period of the long-term incentive plan for the company’s key employees
NoHo Partners Plc
STOCK EXCHANGE RELEASE 22 DECEMBER 2022 at 12:00 EET
The Board of Directors of NoHo Partners Plc has resolved on the fourth earning period of the long-term incentive plan for the company’s key employees
NoHo Partners Plc's Board of Directors has resolved on the fourth earning period of the long-term incentive plan for the company's key employees. The fourth earning period is 24 months, starting on 1 January 2023, and ending on 31 December 2024. The reward criteria for the fourth earning period are based on NoHo Partners Plc’s profitable growth. There are ten participants in the long-term incentive plan’s fourth earning period.
A maximum of 280,420 reward shares could be awarded for the fourth earning period. The value of the maximum reward at the average share price on the trading day preceding this stock exchange release would be approximately EUR 2.0 million. The Board of Directors estimates that if the reward is fully paid in new shares, the maximum dilutive effect on the number of the company’s registered shares for the fourth earning period is 1.34%.
Additional information:
Timo Laine, Chairman of the Board of Directors, tel. +358 40 062 6064
Distribution:
Nasdaq Helsinki
Major media
www.noho.fi/en
NoHo Partners Plc is a Finnish group established in 1996, specialising in restaurant services. The company, which was listed on Nasdaq Helsinki in 2013 and became the first Finnish listed restaurant company, has continued to grow strongly throughout its history. The Group companies include some 250 restaurants in Finland, Denmark and Norway. The well-known restaurant concepts of the company include Elite, Savoy, Teatteri, Sea Horse, Stefan’s Steakhouse, Palace, Löyly, Hanko Sushi, Friends & Brgrs, Campingen and Cock’s & Cows. Depending on the season, the Group employs approximately 2,100 people converted into full-time employees. The Group aims to achieve turnover of MEUR 400 by the end of 2024. The company’s vision is to be the leading restaurant company in Northern Europe.
