EXEL COMPOSITES PLC STOCK EXCHANGE RELEASE 11 June 2025 at
4:00 pm EEST
The Board of Directors of Exel Composites Plc has decided to initiate a new
share-based long-term incentive program 2025-2027 for the leadership of the
company. The objective of the program is to align the interests of the
leadership with those of the company's shareholders and, thus, to promote
shareholder value creation in the long term, to commit the leadership to
achieving the strategic targets of the company and to retain the company's key
individuals.
The performance targets applied to the plan commencing in 2025 are total
shareholder return (TSR) of Exel Composites' share and progress of reducing
greenhouse gas emissions. Potential share rewards will be paid annually,
provided that the performance targets are achieved and the continuous employment
condition is met, and with lock-in applied until spring 2028. The potential
reward will be paid partly in listed Exel Composites shares and partly in cash.
The cash proportion of the reward is intended to cover taxes and statutory
social security contributions arising from the reward to the participant.
The Board of Directors will invite the company's leadership as eligible to
participate in the 2025 plan. The Board of Directors may nominate additional
participants to this plan within the maximum limits of the plan set out below.
If the performance targets set for the 2025 plan are fully achieved, the
aggregate value of the 2025 plan, estimated based on the volume-weighted average
share price on the trading day preceding this release, is approximately EUR 0.8
million including also the proportion to be paid in cash, which corresponds to
approximately 2,100,000 shares.
The Board of Directors further harmonizes the terms of the LTI 2024-2026 program
with those of the 2025-2027 program, including an annual payout and lock-in
structure. The performance targets and the performance period of the 2024-2026
program remain unchanged.
For further information, please contact:
Mikko Rummukainen, CFO
tel. +358 20 754 1335
mikko.rummukainen@exelcomposites.com
Exel Composites in brief
Exel Composites is one of the largest manufacturers of composite profiles and
tubes made with pultrusion and pullwinding technologies and a pultrusion
technology forerunner in the global composite market. Our forward-thinking
composite solutions made with continuous manufacturing technologies serve
customers in a wide range of industries around the world. You can find our
products used in applications in diverse industrial sectors such as wind power,
transportation and building and infrastructure.
Our R&D expertise, collaborative approach and global footprint set us apart from
our competition. Our composite solutions help customers save resources, reduce
products' weight, improve performance and energy efficiency, and decrease total
lifetime costs. We want to be the first choice for sustainable composite
solutions globally.
Headquartered in Finland, Exel Composites employs over 600 forward-thinking
professionals around the world and is listed on Nasdaq Helsinki. To find out
more about our offering and company please visit www.exelcomposites.com.