FORTUM CORPORATION STOCK EXCHANGE RELEASE 30 SEPTEMBER 2020 AT 19:00 EEST
Release category: Other information disclosed according to the rules of the Exchange
Fortum’s Board of Directors has decided to launch the savings period for the year 2021 under its Employee Share Savings (ESS) programme. The ESS programme was established in October 2019 and the Board of Directors decides separately on the annual launch of each individual savings period. The objective of the ESS programme is to motivate Fortum employees to invest and retain ownership in the company and to align the employees’ interests with its shareholders.
The ESS programme participants will, as a gross reward, be granted one matching share for each two purchased savings shares after approximately three years from the beginning of the savings period. The prerequisites for receiving matching shares are that a participant holds the purchased savings shares until the end of the holding period, and that his or her employment has not ended before the end of the holding period. The holding period for the 2021 savings period will end on 29 February 2024.
The ESS programme is available to all employees of the Fortum Group, with the exception of employees in countries where local legislation or other reasons make it unfeasible, such as Russia. At this stage the programme will not be offered to Uniper employees either. Approximately 5,000 Fortum employees will consequently have the opportunity to participate. The total amount of all savings for the 2021 savings period may not exceed EUR 6 million.
Ingela Ulfves, Vice President, Investor relations and Financial communications
Måns Holmberg, Manager, IR and Financial Communications, tel. +358 44 518 1518
Jari Laitinen, Vice President, Compensation and Benefits, tel. +358 40 660 2506