Nordea Bank Abp

Nordea launches Long Term Incentive Plan for 2023-2025 - Seite 2

The conditional allotment of shares for GLT members in 2023 will remain broadly at the same allocation levels as in 2022.

The estimated aggregate gross value of the LTIP 2023-2025 for the GLT and for senior leaders, calculated on the basis of the average share price on the Nasdaq Helsinki exchange yesterday, is approximately EUR 8.3 million.

The LTIP performance requirements have been set so that the maximum outcome will require achieving exceptional financial and sustainability performance. The assessment of performance during the LTIP performance period will be based on the following performance criteria with the introduction of ESG targets for 2023-2025:

• Total shareholder return
• Cumulative adjusted earnings per share (aEPS)
• ESG scorecard e.g. on sustainable financing, net-zero committed assets under management, gender balance and credit profile

No shares will be granted if the participant's employment terminates before confirmation of the award by the Board of Directors after the end of the performance period. Share grants may be reduced in part or in full subject to risk and compliance adjustments.

The LTIP shares will be delivered to the participants either through transfer of own shares held by Nordea or by issuing new shares. Thus, the share delivery may have a marginal dilutive effect on the Nordea share.

For further information:

Matti Ahokas, Head of Investor Relations, [phone]
Media inquiries, [phone] or [e-mail]

The information provided in this stock exchange release was submitted for publication, through the agency of the contacts set out above, at 19.00 EET on 1 February 2023.

 

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