Viria Plc’s Board of Directors has decided to continue its share-based incentive scheme for the personnel. Its aim is to align the interests of Viria’s employees and shareholders by encouraging Viria’s employees to invest in the company’s shares and to commit to working for the company’s goals.
In the incentive scheme, the company offers Viria Plc’s shares to the personnel in its core businesses at a reduced subscription price (10 per cent deduction from the share’s average price in half-year in Privanet). After a vesting period lasting slightly over two years, the scheme participants will receive, as a reward for their commitment, additional free shares in early 2023. The amount of the additional shares is one fourth of the shares the participant in question originally purchased. To receive additional shares, the employee must hold the shares purchased until the end of the commitment period and also be employed by the Viria Group at the end of the commitment period.
As part of the share-based incentive scheme for the personnel, the company issues a maximum of 84,000 shares, which equals approximately 1.5% of the share capital. The share issue is based on the authorisation of the annual General Meeting held on 25 June 2020. The final amount of shares depends on the number of the participants and the shares to be subscribed.
In 2018 and 2019, the scheme has been very popular, and more than half of the personnel has participated. In both years, the share issue has been oversubscribed.
Further information CEO Mika Vihervuori, tel. 040 720 2140
Viria is an information and security technology solution provider that promotes digitalisation without compromising security. Our operations combine strong expertise in business intelligence, digital business and physical and cyber security with a customer-oriented and creative approach.
The Viria Group consists of the parent company Viria Plc and its subsidiaries Viria Security Ltd, Aureolis Oy, Bitfactor Oy, Hibox Systems Oy, Tansec Oy and Spellpoint Ltd. All companies are experiencing good growth and have a strong market position. Viria’s revenue in 2019 was EUR 103 million. At the moment, the Group has approximately 700 employees. www.viria.fi/en