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Multitude SE: Distribution of Own Shares to Employees Based on Matching Share Plan Vesting
EQS-News: Multitude SE / Schlagwort(e): Sonstiges
Multitude SE: Distribution of Own Shares to Employees Based on Matching
Share Plan Vesting
15.04.2024 / 13:00 CET/CEST
Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich.
Multitude SE: Distribution of Own Shares to Employees Based on Matching
Share Plan Vesting
Helsinki, 15 April 2024 - Multitude SE (ISIN: FI4000106299, WKN: A1W9NS)
("Multitude" or "the Group") is pleased to announce distributing the third
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 Q1 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 in the MSP. Since the launch of our MSP in Q1
2021, we have been able to strengthen the commitment and mutual trust
amongst ourselves as well as align our team's interests with shareholders
even further."
A total of 20,750 of the Group's treasury shares are conveyed without
consideration, according to the Q1/2022 MSP terms. The original uptake was
49 employees, and 42 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 number of treasury shares now stands
at 60,036 or 0.28% of the total shares outstanding.
Multitude SE
Board of Directors
Contacts:
Lasse Mäkelä
Chief Strategy and IR Officer
Lasse.makela@multitude.com
About Multitude SE :
Multitude is a listed European FinTech company, offering digital lending and
online banking services to consumers, small and medium-sized businesses, and
other FinTechs overlooked by traditional banks. The services are provided
through three independent business units, which are served by our internal
Banking-as-a-Service Growth Platform. Multitude's business units are
consumer banking (Ferratum), SME banking (CapitalBox) and wholesale banking
(Multitude Bank). Multitude Group employs over 700 people in 25 countries
and offers services in 16 countries, achieving a combined turnover of 230
million euros in 2023. Multitude was founded in Finland in 2005 and is
listed on the Prime Standard segment of the Frankfurt Stock Exchange under
the symbol 'FRU'. www.multitude.com
15.04.2024 CET/CEST Veröffentlichung einer Corporate News/Finanznachricht,
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Sprache: Deutsch
Unternehmen: Multitude SE
Ratamestarinkatu 11 A
00520 Helsinki
Finnland
E-Mail: ir@multitude.com
Internet: https://www.multitude.com/
ISIN: FI4000106299
WKN: A1W9NS
Börsen: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart, Tradegate Exchange; Stockholm
EQS News ID: 1880479
Ende der Mitteilung EQS News-Service
1880479 15.04.2024 CET/CEST
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