Other information disclosed according to the rules of the Exchange 17.3.2023

Gofore decides to start a new performance share plan for key personnel

Gofore Plc
Other information disclosed based on the rules of the exchange
17 March 2023 at 4.00 p.m. EET 

Gofore decides to start a new performance share plan for key personnel

The Board of Directors of Gofore Plc has today decided to continue share-based incentivising of the group’s key personnel and start a new performance share plan this spring.

Target is to align shareholder objectives with those of key personnel, to increase the value of the company in the long-term, to commit key employees to the company, and to offer them a competitive incentive scheme that is based on earning and accumulating shares.

The performance share plan consists of a three-year performance period over the financial years of 2023–2025. Performance period of the 2022 plan is the financial years of 2022-2024.The Board may decide annually on new performance periods.

In the plan, the target group is given an opportunity to earn Gofore Plc shares based on performance. The potential rewards based on the plan will be paid after the end of each performance period. The reward will be paid partly in Gofore Plc shares and partly in cash. The cash proportion of the reward is intended for covering taxes and tax-related costs arising from the rewards to the participants. No reward is usually paid if the participant’s employment or director contract terminates before the reward payment.

During the performance period, the reward is based on the group’s average adjusted EBITA percentage and average revenue growth measured cumulatively for the financial years 2023–2025. The value of the targeted maximum rewards to be paid will correspond to an approximate maximum total of 25,700 Gofore Plc shares including the cash proportion. Depending on the development of the adjusted EBITA percentage, the definite maximum value of the rewards to be paid will correspond an approximate amount of 38,550 Gofore Plc shares including the cash proportion.

Some 30 people, including the CEO and other Gofore Management Team members, are included in the new performance share plan.



About Gofore Oyj

Gofore is an international digital transformation consultancy with Finnish roots. We have some 1,300 impact-driven people in 19 locations across Finland, Germany, Austria, Spain, Estonia and Italy. With our technology and business expertise we build an equal digital society and create sustainable solutions for the intelligent industry. Our diverse group of professionals shares a pioneering ambition to create a more humane, sustainable and ethical digital world. Our values guide our business: Gofore is a great workplace that thrives on customer success. In 2022, our net sales amounted to EUR 149.9 million. Gofore Plc’s share is listed on the Nasdaq Helsinki Ltd. in Finland. Our vision is to be the most significant digital transformation consultancy in Europe. Learn to know us better at gofore.com

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