Launch of Long-Term Incentive Plan for executive management and key employees
13 Maggio 2024 - 10:50AM
Launch of Long-Term Incentive Plan for executive management and key
employees
COMPANY ANNOUNCEMENT NO 14/2024 – MAY 13, 2024
Royal Unibrew A/S launches a new share based Long-Term Incentive
Plan (LTIP) for selected key employees for 2024 designed to align
the interests of Royal Unibrew’s employees and shareholders and to
retain employees. The new LTIP for 2024 has been approved by the
Board of Directors.
The LTIP is based on Performance Share Units
(PSU) granted to each key employee. The PSUs are granted in 2024
for vesting on the date the Board of Directors approves and makes
public the annual report for 2026. A PSU may vest into one Royal
Unibrew A/S share according to the company’s performance over the
period 2024 to 2026 and the terms of the LTIP.
The total number of shares allocated by the
company under the LTIP is up to 105,000 shares, corresponding to
105,000 PSUs, of which 50.952 pertain to members of the executive
management.
The allocation of shares is based on the average
price for Royal Unibrew A/S’ shares on Nasdaq OMX Copenhagen during
the first five trading days following the release of the annual
report for 2023 (DKK 429.40 per share of a nominal value of DKK
2,00).
The KPIs used for executive management in the
program are (a) organic EBIT development from 2024 to 2026; (b)
accumulated free cash flow for the years 2024 to 2026; (c) CSR
rating at the end of 2026 relative to a beverage peer group; and
(d) share price development to the end of 2026. Each KPI is defined
by a target and a threshold. If the performance is below the
threshold, no PSUs will vest. Performance between the threshold and
the target will be calculated linearly. No additional PSUs are
awarded if the KPI exceeds the Target.
Assuming all KPIs meet their targets, the
maximum value at grant is around DKK 45 million, whereas the
theoretical market value of the LTIP at the time of grant is around
DKK 30 million. Based on the average closing share price the five
first trading days after publication of the annual report.
For further information on this Announcement: Head of Investor
Relations, Jonas Guldborg, tel (+45) 20 10 12 45
- Fond-RU-14-2024-uk_Long-term incentive plan_FINAL
Grafico Azioni Royal Unibrew AS (TG:0R1)
Storico
Da Nov 2024 a Dic 2024
Grafico Azioni Royal Unibrew AS (TG:0R1)
Storico
Da Dic 2023 a Dic 2024
