FORTUM CORPORATION STOCK EXCHANGE RELEASE 30 SEPTEMBER 2021 AT 17:50 EEST
Release category: Other information disclosed according to the rules of the Exchange
Fortum's Board of Directors has decided to launch the savings period for the year 2022 under its Employee Share Savings (ESS) programme. The ESS programme was established in October 2019 and the Board of Directors decides separately on the annual launch of each individual savings period. The objective of the ESS programme is to motivate Fortum employees to invest and retain ownership in the company and to align the employees' interests with its shareholders.
The ESS programme participants will, as a gross reward, be granted one matching share for each two purchased savings shares after approximately three years from the beginning of the savings period. The prerequisites for receiving matching shares are that a participant holds the purchased savings shares until the end of the holding period, and that his or her employment has not ended before the end of the holding period. The holding period for the 2022 savings period will end on 28.2.2025.
The ESS programme is available to employees of the Fortum Group, with the exception of employees in countries where local legislation or other reasons make it unfeasible, such as Fortum's employees in Russia. At this stage, the programme will not be offered to Uniper employees either. The total amount of all savings for the 2022 savings period may not exceed EUR 6 million.
Ingela Ulfves, Vice President, Investor relations and Financial communications
Jari Laitinen, Vice President, Compensation and Benefits, tel. +358 40 660 2506
Nora Hallberg, Manager, IR and Financial Communications, tel. +358 04 720 1775