HELSINKI, March 22, 2022 /PRNewswire/ -- Kamux
Corporation Stock Exchange Release
22 March 2022 at 9:30 (EET)
Kamux's transfer of own shares for payment of share-based
incentives 2021
The Board of Directors of Kamux Corporation ("Company") has
confirmed the remuneration to be paid to the key personnel of the
Kamux Group in accordance with the terms and conditions of the
share-based incentive scheme and the earnings criteria set for the
year 2021. According to the terms and conditions of the share-based
incentive scheme 2021 and after the deduction of the cash payment
portions of the remunerations meant for taxes and tax-like
contributions, 29 persons included in the 2021 share-based
incentive scheme shall receive a total of 26,521 existing shares
held by the Company through a directed share issue without
consideration. The issuance of is based on the authorization given
to the Board of Directors by the Company's Annual General Meeting
on 20 April 2021.
The key terms of the fourth scheme for 2021 based on the
share-based remuneration scheme established by the Board of
Directors on 27 April 2017 were
announced in the stock exchange release published on 26 February 2021.
After the transfer of own shares, the company holds 10,593 own
shares.
The issued shares will be subject to a transfer restriction
during the commitment period. The commitment period begins when the
reward is paid and ends on 30 April
2024. A member of the Group's Management Team must own half
of the shares received as a reward based on the scheme until
his/her shareholding in the Company corresponds to the value of
his/her annual salary (ownership obligation). Each participant must
own this number of shares for as long as he/she remains a member of
the Group's Management Team.
KAMUX CORPORATION
The Board of Directors
More information:
Juha Kalliokoski, CEO
Marko Lehtonen, CFO, tel.
+358 50 575 2006
ir@kamux.fi
Kamux Corporation is a retail chain specializing in the sale of
used cars and related integrated services that has grown rapidly.
Kamux combines online shopping with an extensive showroom network
to provide its customers with a great service experience anytime,
anywhere. In addition to digital channels, the company has total of
77 car showrooms in Finland,
Sweden and Germany. Since its founding, the company has
sold over 400,000 used cars, 68,429 of which were sold in 2021.
Kamux's revenue reached EUR 937.4
million in 2021. In 2021, Kamux's average number of
employees was 848 in terms of full-time equivalent employees. The
shares of Kamux are listed on the Nasdaq Helsinki stock
exchange.
www.kamux.com
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