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Decision of Scanfil plc’s Board of Directors on stock option plan

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Scanfil plc Stock Exchange Release 25 November 2021 at 3.15 p.m

Decision of Scanfil plc’s Board of Directors on stock option plan

On 24 April 2019, the General Meeting of shareholders of Scanfil plc decided to authorize the Board of Directors to decide on granting stock options rights to certain key personnel of the company and its subsidiaries and to decide on the terms and conditions of the option rights. The total number of option rights can be 900,000 and they entitle the key personnel to subscribe for a combined total of 900,000 of the company's new shares or shares in company’s possession (“Option Plan 2019”).

Based on the authorization by the General Meeting, the Board of Directors has today on 25 November 2021 decided to grant the CEO and members of the Management Group option rights in all for 200,000 shares as follows: Petteri Jokitalo 120,000 pcs, Riku Hynninen 20,000 pcs, Kai Valo 20,000 pcs, Timo Sonninen 20,000 pcs and Markku Kosunen 20,000 pcs. The option rights shall be marked "2019C". Each option right entitles its holder to subscribe for one (1) of the company's new shares or shares in its possession. The subscription period for option right 2019C is 1 May 2024 – 30 April 2026. The subscription period for the option rights included in the option plan will not begin, unless the production and financial goals and conditions, set separately by the Board of Directors for exercising the option rights, are met. The option rights whose goals are not met will expire as determined by the Board. The stock options were granted free of charge. The subscription price of option right 2019C is EUR 7.37 which is the trading-volume weighted average share price in the Nasdaq Helsinki of the period 1 - 31 March 2021.

Scanfil plc

Board of Directors

Additional information:
Chairman of the Board of Directors, Harri Takanen
tel. +358 8 4882 111

Scanfil is an international manufacturing partner and system supplier for the electronics industry with 40 years of experience in demanding manufacturing. Scanfil provides its customers with an extensive array of services, ranging from product design to product manufacturing, material procurement and logistics solutions. Vertically integrated production and a comprehensive supply chain are the foundation of Scanfil’s competitive advantages: speed, flexibility and reliability.

Typical Scanfil products are modules or integrated products for e.g. self-service application, automation systems, wireless connectivity modules, climate control systems, collection and sorting systems, analysers and environmental measurement solutions. Scanfil services are used by numerous international automation, safety, energy, cleantech, connectivity and health service providers, as well as companies operating in the field of urbanisation. Scanfil’s network of factories consists of 9 production units in Europe, Asia and North America. Read more: www.scanfil.com


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