Decision made by Spinnova’s board regarding the incentive program

The target group consists of approximately 22 people. Fiber company Spinnovan’s board has decided to establish a new performance-based share bonus system for the period 2024-2028 for the group’s key personnel. The fees paid from the first earning period will amount to a maximum of approximately 992,000 Spinnova shares, including a portion paid in cash. According to the company’s press release, any fees that may be paid from the system will be distributed partly in shares and partly in cash. The monetary contribution is intended to cover the taxes and statutory social insurance contributions incurred by the participant. Bonuses are paid within five months of the end of the earning period, and generally, no bonus is paid if the participant’s employment or business relationship ends before the bonus is distributed.

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