NoHo Partners Plc, Stock Exchange Release, 12 February 2025 at 07:45 EET
The Board of Directors of Noho Partners Plc has resolved to establish a
performance share plan for the key employees of the company as well as on the
first earning period of the plan
The Board of Directors of Noho Partners Plc has resolved to establish a
performance share plan for the key employees of the company. The aim of the
incentive plan is to combine the objectives of the shareholders and the key
personnel in order to increase the value of the company as well as to engage the
key personnel to the company and to offer them a competitive incentive plan
based on share ownership and development of the company's value.
The new performance share plan contains three earning periods between 1 January
2025 and 31 December 2028. The company's Board of Directors determines the
reward criteria and their target levels as well as the key employees covered by
the incentive plan before the beginning of each earning period. The first 24
months earning period starts on 1 January 2025 and ends on 31 December 2026.
After the first earning period a maximum amount of 275,000 Noho Partners Plc's
shares can be paid as reward to the key employees based on achieving growth
goals essential to the business of the company as determined by the Board of
Directors. The reward criteria set for the first earning period are based on the
profitability of the company's business.
The reward earned for the first earning period will be paid to the key employees
after the end of the earning period, after the approval of the financial
statements for financial year 2026. The payment of the reward is subject to the
condition that the key employee's employment or service relationship has not
been terminated or cancelled by such key employee or by the company prior to the
payment of the reward. The incentive plan will cover 10 people in the first
earning period.
Additional information
Timo Laine, Chairman of the Board, tel. +358 40 062 6064
NoHo Partners Plc
NoHo Partners Plc is a Finnish group established in 1996, and it specialises in
restaurant services being the creative innovator of the Northern European
restaurant market. The company was listed in Nasdaq Helsinki in 2013 becoming
the first Finnish listed restaurant company, and it has continued to grow
strongly throughout its history.
The Group companies include some 300 restaurants in Finland, Denmark, Norway and
Switzerland. The well-known restaurant concepts include Elite, Savoy, Teatteri,
Sea Horse, Stefan's Steakhouse, Palace, Löyly, Friends & Brgrs, Campingen,
Cock's & Cows and Holy Cow!. Depending on the season, NoHo Partners employs
approx. 2,800 people converted into full-time employees, and in 2023, company's
turnover amounted to approx. MEUR 370. NoHo Partners' vision is to be the
leading restaurant operator in Northern Europe. More information is available at
noho.fi/en.