MULTITUDE SE: Distribution of Own Shares to Employees Based on Matching Share Plan Vesting
02 Ottobre 2023 - 4:45PM
MULTITUDE SE: Distribution of Own Shares to Employees Based on
Matching Share Plan Vesting
MULTITUDE SE: Distribution of Own Shares to Employees
Based on Matching Share Plan Vesting
Helsinki, 2 October 2023 – Multitude SE (ISIN: FI4000106299,
WKN: A1W9NS) (“Multitude” or “the Group”) is pleased to announce
distributing the second batch of shares from the Matching Share
Plan (“MSP”) to its employees.
In line with keeping employee and shareholder incentives
aligned, the Group launched a Matching Share Plan in Q3 2021. The
plan allowed employees to invest up to 10% of their annual gross
salary in Multitude shares. The total potential investment of 10%
was split into two rounds of up to 5%, which the Group committed to
matching for free at a 1:1 ratio after a vesting period of two
years, providing that participating employees have held the shares
and been employed by Multitude during the entire holding period
without interruptions.
Shaun Vella, Chief HR Officer, said, “We are pleased to welcome
the active participation of our employees to the Matching Share
plan. It is a testament to the trust and commitment that
unite us on our path to realising our shared vision.”
A total of 15,667 of the Group’s treasury shares are conveyed
without consideration, according to the Q3/2021 MSP terms. The
original uptake was 62 employees, and 49 employees were eligible at
the moment of grant. The directed share issue is based on an
authorisation by the Annual General Meeting held on 27 April
2023.
Following the directed share issue, the treasury shares now
stand at 105,836 or 0.49% of the total shares outstanding.
Multitude SEBoard of Directors
Contacts:
Lasse Mäkelä Chief Strategy and IR
OfficerLasse.makela@multitude.com
About Multitude SE :Multitude
aims to become the most valued financial ecosystem by acting as a
growth platform that creates success stories in FinTech. With
profound know-how in technology, regulation, funding and
cross-selling, Multitude offers a range of sustainable banking and
financial services for FinTechs to grow and scale rapidly.
Multitude and its three independent business units, SweepBank,
Ferratum and CapitalBox, employ around 700 people in 18 countries,
and they together generated EUR 212 million revenue in 2022.
Multitude was founded in 2005 in Finland and is listed in the Prime
Standard segment of the Frankfurt Stock Exchange under the symbol
‘FRU’. www.multitude.com
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