Other information disclosed according to the rules of the Exchange 23.2.2023

Gofore initiates a new period of employee share savings plan

GOFORE PLC Stock Exchange Release
Other information disclosed according to the rules of the Exchange
23 February 2023 at 10.00 am EET

Gofore initiates a new period of employee share savings plan

The Board of Directors of Gofore Plc has decided on a new plan period 2023–2024 of CrewShare share savings plan established in 2018. The details of the new plan period will be as in the previous plan period’s particulars. Last year, 645 out of some 1,100 Gofore employees participated in the CrewShare plan.

The new plan period will commence on 1 March 2023 and end on 28 February 2024. The plan is offered to all Gofore employees. Invited employees have an opportunity to save a proportion of their regular salaries (EUR 50–400 per month). The accrued savings will be used for the acquisition of Gofore shares biannually, following the publication of the Half-year Report in September 2023 and financial statements release for the year 2023 in March 2024. Participation in the Plan is voluntary, and an employee can participate in one plan period at a time.

After the holding period, Gofore will grant the employees participating in the plan one free matching share against every three shares acquired with savings as a gross reward. The prerequisites for receiving matching shares are that a participant holds the acquired shares for the entire holding period, and that their employment at Gofore has not ended before the end of the holding period. The holding period will end on 28 February 2026.

Additionally, a participant can earn 1–1.5 performance based matching shares against every three shares acquired with savings as a gross reward, if the target set by the Board for group’s annual adjusted EBITA target would have been reached in the financial year 2023. Thus, the maximum amount of matching shares received by the participant can be 2.5 shares against every three shares acquired.

The total amount of all savings of the plan period 1 March 2023–28 February 2024 may not exceed EUR 2,000,000, which corresponds to appr. 82,000 shares, calculated at a share price of EUR 27.15 per share on 21 February 2023, including a 10% discount.

Dividends paid on shares acquired with the savings and on matching shares given in the plan will be reinvested into acquisition of additional shares on the next potential acquisition date. These shares will have an equal right to matching shares.

Matching shares will be paid partly in the company’s shares and partly in cash as soon as possible after the end of the holding period. The cash proportion is intended to cover taxes and tax-related costs arising from the matching shares to a participant. The matching shares are freely transferable after their transfer on the participant’s book-entry account.

The company will decide on share issues to subscribe for the shares to be acquired with the accumulated savings at a 10% discount. The company makes decisions on share issues before the acquisition of shares. 

The Board of Directors decides on the next potential savings period and its details separately.


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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