Remuneration of the Management

Remuneration of the President and CEO in 2021

Decisions concerning the remuneration of the CEO and the terms applicable to the service contract are made by Aspocomp’s Board of Directors within the limits of the company’s valid remuneration policy.

In 2021, the remuneration of the President and CEO consisted of a fixed monthly salary and customary fringe benefits (such as phone, meal, and car benefits). The President and CEO is covered by the company’s Profit-Sharing plan for all employees which is approved yearly by the Board. The CEO does not have any different pension plans; instead, his retirement age is determined by the Employees Pensions Act (TyEL). If the CEO’s contract is terminated by either the CEO or the company, the notice period is six months. In addition, severance pay amounting to his salary for six months shall be paid.

Stock Option Program 2014 for the CEO

The subscription period for the shares subject to the Stock Option Plan 2014 has expired on April 30, 2020.

2020

The CEO subscribed a total of 130,000 new Aspocomp shares under the company’s 1/2014 stock option terms on March 13, 2020, with the 2014C option rights. The new shares were registered in the Trade Register on March 30, 2020. After the registration of the new shares, the total number of Aspocomp Group Plc’s shares increased to 6,834,505.  The new shares were incorporated into the book-entry system and admitted to trading on Nasdaq Helsinki in the same class with the company’s other shares on March 31, 2020.

After the subscription, the company’s 1/2014 stock option terms and conditions no longer entitle him to subscribe for new Aspocomp shares.

At the end of the financial year, on December 31, 2020, the CEO owned a total of 390,000 Aspocomp shares.

2017

The CEO subscribed a total of 170,000 new Aspocomp shares under the company’s 1/2014 stock option terms on August 23, 2017: 40,000 with the 2014A options and 130,000 with the 2014B options. The new shares were registered in the Trade Register on September 19, 2017. The new shares were incorporated into the book-entry system and admitted to trading on Nasdaq Helsinki in the same class with the company’s other shares on September 25, 2017. After the registration of the new shares, the total number of Aspocomp Group Plc’s shares increased to 6,666,505.

2016

The CEO subscribed a total of 90,000 new Aspocomp shares under the company’s 1/2014 stock option terms on November 28, 2016. The new shares were registered in the Trade Register on December 21, 2016. The new shares were incorporated into the book-entry system and admitted to trading on Nasdaq Helsinki in the same class with the company’s other shares on December 22, 2016. After the registration of the new shares, the total number of Aspocomp Group Plc’s shares increased to 6,496,505.

Remuneration of the Management Team in 2021

The members of the Management Team are all included in the annual profit sharing plan covering all employees.

The Management Team members´ retirement age is determined by the Employees Pensions Act.