Company announcement 12/2020
With reference to the offering circular as published by
The LTIP is designed and structured around the concept of retaining members of the Executive Management and other eligible employees while also creating an incentive for a positive share price development for the benefit of the Company’s shareholders.
The LTIP grants comprises restricted share units (“RSUs”) which entitle the participant, subject to vesting occurring, to be allocated a number of shares in the Company, equivalent to the number of vested RSUs.
The RSUs will vest during a three year vesting period. Vesting is not conditional upon achieving any
financial or non-financial targets, but is, however, conditional upon (i) the participant remaining employed with the Group throughout a continued period of three (3) years from the date of grant or the participant becoming a good leaver during the vesting period in which case only a proportionate portion of RSUs shall vest, and (ii) the participant having complied in all respects with the general terms and conditions as determined by the Board of Directors.
The Group CEO and Group CFO will be granted RSUs, the value of which, at the time of grant, corresponds to 30% of their annual fixed salary in accordance with HusCompagniet's Remuneration Policy adopted at HusCompagniet's extraordinary general meeting on
Based on the current number of participants in the LTIP, the programme will comprise up to 136,752 shares in total. The theoretical fair value of each RSU has been estimated at
For additional information, please contact:
HusCompagniet
Cristina Rønde Hefting, Head of IR & Press
+45 88 62 21 05
Information on HusCompagniet
HusCompagniet is a leading provider of single-family detached houses in
HusCompagniet operates an asset light and flexible delivery model with on-site building, primarily on customer-owned land. The majority of construction is outsourced to sub-contractors allowing for a flexible cost base. In 2019, HusCompagniet’s revenue amounted to approximately
HusCompagniet delivered approximately 1,600 houses in 2019, of which 1,325 were detached houses in
Attachments
- 12 New share-based incentive programme.pdf
© Ritzau Denmark, source