Lamor Corporation Plc Company release 14 March 2023 at 08:45 a.m. EET
Lamor resolved a new performance period for the share-based incentive plan
The Board of Directors of Lamor Corporation Plc has resolved on a commencement of a new performance period in the performance share plan directed to the key employees of the company.
The Performance Share Plan comprises three plan periods, covering the financial years 2022–2024, 2023–2025, and 2024–2026. The plan period 2023-2025 is directed to maximum 10 key persons, including the CEO and other members of the Management Team.
The performance criterion for the new plan period is adjusted earnings per share (adjusted EPS) from the financial year 2023. If the performance criterion is fully achieved, the gross rewards to be paid on the basis of the plan period 2023–2025 correspond to the value of approximate maximum total of 140,000 Lamor shares, including cash proportion, calculated with the closing price of the share in Nasdaq Helsinki Ltd on the day preceding the decision made by the Board of Directors.
The potential share rewards earned from the new performance period are paid after a two-year waiting period in spring 2026.
Lamor originally announced the establishment of the performance share plan and its terms on 22 September 2022.
Lamor Corporation Plc
Board of Directors
Mika Ståhlberg, Chairman of the Board of Directors, tel. +358 50 520 3433
Danske Bank A/S, Finland Branch, tel. +358 50 590 7667
Lamor in brief
Lamor is one of the leading global providers of environmental solutions. Lamor provides its customers with equipment used for oil recovery, waste management, and water treatment as well as versatile environmental solutions and services, such as clean-up and preparedness services related to oil spill response and oil spills, services for the treatment of waste and tailored and adapted water treatment solutions. Lamor operates together with its local partners, offering a wide selection of solutions, which can be tailored according to the needs of each customer, and aiming to clean the world, for which the company has worked since its incorporation. The company’s share is listed on the Nasdaq First North Premier Growth Market Finland marketplace maintained by Nasdaq Helsinki under the trading code LAMOR. Further information: www.lamor.com
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