EAB Group Plc, Stock Exchange Release, 29 April 2020, 5:45 p.m. (EET)
Transfer of EAB Group’s own shares
On 29 April 2020, EAB Group Plc transferred without consideration a total of 3,958 own shares held by the company to current key employees of the company and 227 own shares to former key employees of the company. Altogether, a total of 4,185 shares were transferred. The transfer is related to the payment of deferred variable remuneration and is in accordance with the Company's remuneration scheme.
The regulation requires that, to the extent that a reward scheme for so-called risk-takers may result in a variable remuneration of more than €50,000 per calendar year, at least 40% of the defined variable remuneration must be deferred over a period of 3–5 years. Up to half of the remuneration payable at any given time may be paid in cash. The non-cash payment must be made in EAB Group Plc shares.
Following the transfer, EAB Group Plc holds 18,174 own shares.
EAB GROUP PLC
Board of Directors
Further information:
EAB Group Plc
Daniel Pasternack, CEO
+358 50 569 3416
daniel.pasternack@eabgroup.fi
Therese Cedercreutz, Chairman of the Board
+358 40 544 2502
therese.cedercreutz@miltton.com
Elite Alfred Berg offers responsible investment and asset management services for private investors, institutions and professional investors. EAB Group uses the name Elite Alfred Berg as its marketing name. The Group's parent company EAB Group Plc’s share is listed on the Nasdaq Helsinki stock exchange. The Group companies include EAB Asset Management Ltd offering asset management activities, and EAB Fund Management Ltd acting as a fund company and authorised alternative investment fund manager. The Groups’ customer base consists of individuals and corporations that are served nationwide in 13 different locations. The Group employs 88 investment professionals, and over 20 tied agents provide its services. On behalf of its clients, the Group manages assets of over EUR 3 billion in total. Check out EAB Group’s services at www.eabgroup.fi.
DISTRIBUTION:
Nasdaq Helsinki Oy
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www.eabgroup.fi