DGAP-News

q.beyond executives acquire 1 million shares - Seite 2

Share price of € 2.80 as minimum target

The new executive share plan runs until 31 December 2022. It only takes effect if q.beyond's share price has risen to at least € 2.80 by then. Yesterday (14 October 2020), the share closed trading at € 1.25. Should the share price more than double, then the plan rewards the ongoing commitment shown by executives with a clearly defined number of matching shares, the issue of which is linearly dependent on the share price performance achieved and capped at a maximum share price of € 4.00.

Jürgen Hermann, who initiated the plan, comments: "We are not only reimagining our customers' businesses, but also rethinking the incentives in place for those who drive our performance." These managers had invested their own money in q.beyond on a long-term basis and would now make every effort to sustainably increase the company's value. "Together with their private investment and clear commitment, the clear and transparent system of participation and multiyear assessment basis mean that our performance will be aligned even more directly to long-term value creation throughout the organisation. This will benefit all our shareholders."

Employees also set to buy q.beyond shares via the stock exchange

The employee participation plan scheduled to be introduced at the beginning of 2021 was also in shareholders' interests. This also provides for employees purchasing q.beyond shares on their own account via the stock exchange. The company will assist the acquisition of shares by covering part of the purchase price. Jürgen Hermann's objective here is clear: "The more employees participate, the more their own interests will be consistent with those of our shareholders, the greater the rewards will be for the dedication shown by highly qualified and committed staff, and the more likely we are to retain these employees on a long-term basis."

With these two share plans and their focus on the company's competitive and sustainable development, q.beyond is actively promoting the transformation process currently affecting the entire industry. Its latest business performance underlines the new course it is pursuing within the "2020plus" growth strategy. The company is growing continually from quarter to quarter, new orders are at record levels and, even in the exceptional current circumstances, attractive solutions and growing markets are providing additional tailwind. Adds Jürgen Hermann: "The entire q.beyond team is working as one. We will continue to grow profitably and sustainably increase the company's value."