(Finance) – The Board of Directors of Equityindependent investment bank listed on Euronext STAR Milan, has resolved to submit to the next shareholders’ meeting the approval of two new incentive plans based on financial instruments, with the aim of further aligning interests and responding to the new legislation on incentives. The first floor, called “Equita Plan 2022-2024“, is aimed at employees and collaborators and provides for the assignment – in three annual cycles – of the company’s financial instruments (shares, performance shares, stock options, phantom shares and subordinated bonds). The maximum number of financial instruments allocated to the plan is equal to 2,500,000 for equity or similar instruments (shares, performance shares, stock options, phantom shares) and 10,000 for subordinated bonds. The maximum dilutive effect is therefore equal to 4.7% of the share capital in three annual cycles.
The second floor, called “Equita Plan 2022-2024 for Top Management“, is aimed at senior managers and provides for the assignment of a variable number of phantom shares upon reaching a minimum target of 40% of Total Shareholders Return (TSR) on the Equita share. The maximum number of phantom shares that can be attributed in 2025 is 2,000,000, or if the TSR is at least 60% and if all the beneficiaries achieve the individual objectives of the Equita 2024 business plan. The impacts on the income statement of the 2022-2024 Equita Plan for Top Management, to be considered as non-recurring, will be divided over a four-year time horizon (2022-2025), with a more important concentration in the two-year period 2024-2025.