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Share and shareholders
DETEC Nasdaq First North Growth Market listed
- Trading code DETEC
- ISIN-code FI4000115464
- Votes/share 1
- Share capital 80,000.00 EUR
- The total number of shares 14,655,930 pcs
- Traded on Nasdaq First North Growth Market Finland
- Registered in the book-entry system maintained by Euroclear Finland Ltd
- Nordea is the company’s Certified Advisor under the Nasdaq First North GM rules.
Biggest shareholders
The shareholder register of Detection Technology is maintained by Euroclear Finland Ltd. The up-to-date shareholdings can be seen in Euroclear Finland Ltd’s customer service point in Helsinki, Finland, address Urho Kekkosen katu 5 C.
Shareholders of Nasdaq First North Growth Market listed companies have an obligation to notify both the Finnish Financial Supervision Authority and the listed company of changes in their holdings and voting rights. Listed companies have in turn an obligation to publicly disclose the shareholder’s notification.
Under the provisions of the Securities Markets Act, changes in holdings must be disclosed when the holding reaches, exceeds or falls below 5%, 10%, 15%, 20%, 25%, 30%, 50% or 90% or two thirds of the voting rights or the numbers of shares in the company.
Notifications of changes in holdings or voting rights must be made without undue delay. More information on the Financial Supervisory Authority’s web page.
Flagging notifications to Detection Technology can be sent by email to investors@nulldeetee.com.
All flaggins are published as company announcements and are available in the releases.
Performance Share Plan (PSP)
On 2 August 2022, the Board of Directors of Detection Technology Plc decided on the establishment of a share-based long-term incentive scheme for the company’s management group and other key employees. It comprises a Performance Share Plan (PSP).
The objectives of the Performance Share Plan are to align the interests of Detection Technology’s management and key employees with those of the company’s shareholders and, thus, to promote shareholder value creation in the long term. In addition, the aim is to commit the management and key employees to achieving Detection Technology’s strategic targets.
The Performance Share Plan consists of annually commencing individual performance share plans. The commencement of each new plan is subject to a separate decision of the company’s Board of Directors. Each plan comprises a performance period followed by the payment of the potential share rewards in listed shares of Detection Technology. The payment of the rewards is conditional on the achievement of the performance targets set by the Board of Directors for the respective plan.
The performance period of the first plan, PSP 2022-2024, covers the period from the beginning of August 2022 until the end of the year 2024. The share rewards potentially payable thereunder will be paid during the first half of the year 2025. The possible subsequent plans will include a three-year performance period as in each case separately decided by the Board of Directors.
The performance measure based on which the potential share rewards under the PSP 2022-2024 program will be paid is the total shareholder return of Detection Technology’s share (absolute TSR). Eligible for participation in the PSP 2022-2024 program are approximately 60 individuals, including the members of Detection Technology’s management group. If all the performance targets set for the PSP 2022-2024 program, are fully achieved, the aggregate maximum number of shares to be paid as a reward based on this plan is approximately 270,000 shares (referring to gross earnings before the withholding of the applicable payroll tax).
Stock options 2020
Based on the authorization granted by the AGM held on 16 April 2020, the Board of Directors on 24 August 2020 decided to issue maximum 760,000 stock options to the Group’s management and other key personnel. The stock options are offered free of charge. Each stock option entitles to subscribe for one (1) new or existing share of DT as in each case decided by the Board.
The stock options will be issued in separate series, which will be marked with symbols 2020A1, 2020A2, 2020B1 and 2020B2. The combined aggregate number of stock options either marked with the symbol 2020A1 or 2020A2 is 380,000 stock options, and the combined aggregate number of stock options either marked with the symbol 2020B1 or 2020B2 is 380,000 stock options.
The share subscription period will be for the stock options 2020A1 and 2020A2 from 2 May 2023 until 31 May 2024, and for the stock options 2020B1 and 2020B2 from 2 May 2024 until 31 May 2025.
The share subscription price with the stock options 2020A1 and 2020A2 will be the trade volume weighted average price of the company’s share in public trading during 31 August 2020 – 25 September 2020. The share subscription price with the stock options 2020B1 and 2020B2 will be the trade volume weighted average price of the company’s share in public trading during 6 September 2021 – 1 October 2021.
The share subscription price with the stock options 2020A1 and 2020A2 was confirmed to be EUR 18.88, and with the stock options 2020B1 and 2020B2 EUR 31.32. The share subscription price of the stock options may be decreased in certain specific cases mentioned in the stock option terms and conditions.
The Board of Directors decided to grant in total 360,000 stock options within the stock option series 2020A1 and 2020A2, and 364,300 stock options within the stock option series 2020B1 and 2020B2 to key personnel. Hence, the total number of stock options granted is 724,300 within the stock option program 2020.
Stock options 2018
Based on the authorization granted by the AGM held on 27 March 2018, the Board of Directors on 27 September 2018 decided to issue maximum 760,000 stock options to the Group’s management and other key personnel. The stock options are offered free of charge. Each stock option entitles to subscribe for (1) new or existing share of DT as in each case decided by the Board.
The stock options were issued in separate series marked with symbols 2018A1, 2018A2, 2018B1 and 2018B2. The combined aggregate number of stock options either marked with the symbol 2018A1 or 2018A2 is 380,000 and the combined aggregate number of stock options either marked with the symbol 2018B1 or 2018B2 is 380,000.
The share subscription period with the stock options 2018A1 and 2018A2 is from 2 May 2021 until 31 May 2022 and with the stock options 2018B1 and 2018B2 from 2 May 2022 until 31 May 2023.
The share subscription price with the stock options 2018A1 and 2018A2 is the trade volume weighted average price of the company’s share in public trading during 29 August 2018 – 26 September 2018. The share subscription price with the stock options 2018B1 and 2018B2 is the trade volume weighted average price of the company’s share in public trading during 2-27 September 2019.
The Board of Directors on 27 September 2018 confirmed that the share subscription price with the stock options 2018A1 and 2018A2, determined as the average price during the above-mentioned trading period, is €22.26. The subscription price will be further reduced based on the grounds stipulated in the stock option terms and conditions such as for example based on dividends distributed before shares with the stock options are subscribed. The Board of Directors on 27 September 2018 also decided to grant in total 376,000 stock options to approximately 60 individuals within the stock options series 2018A1 and 2018A2.
On 24 October 2019, the Board of Directors of Detection Technology Plc confirmed in its meeting that the share subscription price with the stock options 2018B1 and 2018B2 is EUR 20.66, determined as the average price during the trading period of 2-27 September 2019. The share subscription price of the stock options may be decreased in certain specific cases mentioned in the stock option terms and conditions. The Board of Directors also decided to grant in total 384,000 stock options to 60 individuals within the stock option series 2018B1 and 2018B2. The share subscription period is from 2 May 2022 until 31 May 2023. Within the stock option program 2018, the total number of stock options granted is 760,000 to 70 individuals.