Transfer of treasury shares based on Employee Share Savings Plan (ESSP) of Fondia
Fondia Plc
Company release
2025-03-13 at 2.00 p.m. EET
Fondia Plc has today transferred without consideration a total of 2,668 treasury shares held by the company to 32 persons who have participated in the company's Employee Share Savings Plan (ESSP) during the savings period 2022-2023. The transfer of shares is based on the terms and conditions of the ESSP.
Information on the ESSP 2022-2023 has been published by a company release on 29 October 2021. During the savings period 2022-2023, the company's employees who participated in the ESSP saved EUR 50-500 per month from their salary, and the accumulated savings were used to acquire Fondia Plc shares for the participants at market price after the publication of the company's 2022 Half-yearly Financial Report and Financial Statements Release. Participants have now been granted one additional share (before tax) free of charge for every two savings shares acquired after the end of the savings shares' holding period on 28 February 2025.
The issue of shares by way of a directed share issue free of charge is based on the authorisation granted to the Board of Directors by the Fondia General Meeting of 20 March 2024.
After the transfer, the company will hold 213,889 own shares.
Fondia Plc
For further information, please contact:
Timo Lappi, Interim CEO; Chair of the Board of Directors, tel. +358 40 756 7809
Harri Savolainen, CFO, tel. +358 40 502 1919
Certified Adviser Aktia Alexander Corporate Finance Oy, tel. +358 (0)50 5204098
Fondia in brief
Fondia solves the legal needs of companies by combining the best services from internal legal departments and law firms. Fondia operates in Finland, Sweden, Estonia, and Lithuania, and the Group's net sales in 2024 were €25.6 million. Fondia employs around 180 people.
Distribution:
Nasdaq Helsinki Ltd
Key media