11.04.2024 10:14:07 - dpa-AFX: GNW-Adhoc: Long-term Incentive Programme 2024
COMPANY ANNOUNCEMENT NO. 7-2024
11 April 2024, Copenhagen, Denmark
The Board of Directors of FLSmidth & Co. A/S has today allocated performance
shares to members of the Executive Management and key staff (155 persons in
total) as part of the Group's Long-term Incentive Programme.
The primary purpose of the programme is to retain key staff and to align the
interests of shareholders and the incentive programme participants by rewarding
performance in accordance with the company's strategy and its long-term
financial targets.
The number of performance shares allocated is 284,576, of which 67,475 pertain
to members of the Executive Management. The vesting period is three years and
vesting is subject to fulfilment of stretched Key Performance Indicators (KPIs).
The applicable KPIs are Adj. EBITA margin, Total Shareholder Return and a
Sustainability KPI covering four (4) dimensions. The target cost of the
programme is DKK 61.5 million and no more than DKK 92.2 million assuming full
vesting.
The cost is based on the average closing share price during the period from 22
to the 28 February 2024 (the first five trading days after the release of the
Annual Report).
Contacts:
Investor Relations
Jannick Lindegaard Denholt, +45 21 69 66 57, jli@flsmidth.com
(mailto:jli@flsmidth.com)
Andreas Escherich Holkjær, +45 24 85 03 84, andh@flsmidth.com
(mailto:andh@flsmidth.com)
Therese Möllevinge, +45 41 37 16 38, tmo@flsmidth.com (mailto:tmo@flsmidth.com)
Media Relations
Rasmus Windfeld, +45 40 44 60 60, rwin@flsmidth.com (mailto:rwin@flsmidth.com)
About FLSmidth
FLSmidth is a full flowsheet technology and service supplier to the global
mining and cement industries. We enable our customers to improve performance,
lower operating costs and reduce environmental impact. MissionZero is our
sustainability ambition towards zero emissions in mining and cement by 2030. We
work within fully validated Science-Based Targets, have a clear commitment to
reducing the sustainability footprint of the global mining and cement industries
and aim to become carbon neutral in our own operations by 2030. www.flsmidth.com
(http://www.flsmidth.com).
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