OMA SAVINGS BANK PLC, STOCK EXCHANGE RELEASE 24 FEBRUARY 2022 AT 15.00 P.M. EET, OTHER INFORMATION DISCLOSED TO THE RULES OF THE EXCHANGE
Oma Savings Bank Plc's Board of Directors confirmed the payments for the share-based incentive scheme 2020-2021
Oma Savings Bank Plc’s (OmaSp or the Company) Board of Directors has confirmed 336,150 shares for payment of the share-based incentive scheme 2020–2021, including the amount to be paid in cash. The share rewards will be paid in four installments within three years.
The share-based incentive scheme 2020–2021 had one two-year earning period. The target group of the scheme included 10 key persons, including the Company's CEO and members of the Group’s Management Team.
The remuneration of the scheme was based on comparable cost-income ratio, an increase in operating income (in comparable figures) and customer and employee satisfaction.
The CEO of the Company and a member of the Group Management Team must hold at least 50 percent of the net shares paid under the scheme until the value of the CEO's share ownership in the Company is equal to the value of his gross annual salary and, accordingly, the shareholding of a member of the Group’s Management team in the Company is equal to half the value of his/her annual gross salary. This amount of shares shall be held for as long as the CEO's term of office or membership of the Group Management Team continues.
Oma Savings Bank Plc
Additional information:
Minna Sillanpää, CCO, tel. +358 50 66592, minna.sillanpaa@omasp.fi
DISTRIBUTION
Nasdaq Helsinki Ltd
Major media
www.omasp.fi
OmaSp is a growing Finnish bank and the largest savings bank in Finland based on total assets. About 330 professionals provide nationwide services through OmaSp’s 35 branch offices and digital service channels to over 150,000 customers. OmaSp focuses primarily on retail banking operations and provides its clients with a broad range of banking services both through its own balance sheet as well as by acting as an intermediary for its partners’ products. The intermediated products include credit, investment and loan insurance products. OmaSp is also engaged in mortgage banking operations.
OmaSp core idea is to provide personal service and to be local and close to its customers, both in digital and traditional channels. OmaSp strives to offer premium level customer experience through personal service and easy accessibility. In addition, the development of the operations and services is customer-oriented. The personnel is committed and OmaSp seeks to support their career development with versatile tasks and con-tinuous development. A substantial part of the personnel also own shares in OmaSp.
