Bittium Corporation
Other information disclosed according to the rules of the exchange
New Share-Based Incentive Scheme for Bittium's Management
Bittium Corporation stock exchange release on 15 April 2026, at 9:15 am (CEST+1)
The Board of Directors of Bittium Corporation has decided on the establishment
of a new share-based long-term incentive scheme for the management of Bittium
Corporation and its group. It comprises a Performance Share Plan structure
("PSP").
The objectives of the Performance Share Plan are to align the interests of
Bittium's management with those of the Company's shareholders and, thus, to
promote shareholder value creation in the long term, to commit the management to
achieving Bittium's strategic targets and the retention of Bittium's management.
The Performance Share Plan consists of annually commencing individual
performance share plans, each with a three-year performance period, followed by
the payment of the potentially earned share reward in listed shares of Bittium
Corporation. The payment of the reward is conditional on the achievement of the
performance targets which the Board of Directors has set for the respective
plan. The commencement of each new plan is subject to a separate decision of the
Board of Directors.
The first plan, PSP 2026-2028, commences effective from the beginning of the
year 2026 and the share rewards payable thereunder will be paid during H1 2029.
Eligible for participation in PSP 2026-2028 are approximately 35 individuals,
including the members of the Management Group of Bittium Corporation.
The performance measures applied to PSP 2026-2028 are net sales growth and free
cash flow as well as for part of the participants the business segment specific
net sales growth. The aggregate maximum number of share rewards to be paid based
on PSP 2026-2028 is approximately 42,200 shares (gross earning, from which the
applicable payroll tax is withheld).
Other terms
The value of the reward payable under the plans is limited by a maximum cap
linked to share price development.
Bittium applies a share ownership recommendation to the members of its
Management Group. According to this recommendation each member of the Management
Group is expected to retain in his/her ownership at least half of the shares
received under Bittium's share-based incentive plans until the value of his/her
share ownership in Bittium corresponds to at least his/her annual gross base
salary.
Oulu, Finland, 15 April 2026
Bittium Corporation
The Board of Directors
Further information
Kari Jokela
CLO
Tel. +358 40 344 2789 (group communications)
Email: investor.relations@bittium.com
Distribution
Nasdaq Helsinki Oy
Main media
Bittium
Bittium specializes in the development of reliable, secure communications and
connectivity solutions leveraging its over 40-year legacy of expertise in
advanced radio communication technologies. Bittium provides innovative products
and services, customized solutions based on its product platforms and R&D
services. Complementing its communications and connectivity solutions, Bittium
offers proven information security solutions for mobile devices and portable
computers. Bittium also provides healthcare technology products and services for
biosignal measuring in the areas of cardiology and neurophysiology. Net sales in
2025 were EUR 119.3 million and operating profit was EUR 19.4 million. Bittium
is listed on Nasdaq Helsinki. www.bittium.com