Gofore Oyj — Board/Management Information 2025

Mar 19, 2025

Gofore Plc Board of Directors' decisions on the share-based incentive scheme for key personnel

Gofore Plc Board of Directors' decisions on the share-based incentive scheme for key personnel

19.3.2025 12:15:02 EET | Gofore Oyj | Other information disclosed according to the rules of the Exchange

Gofore Plc

19 March 2025 at 12.15 pm    

Stock exchange release

Other information disclosed according to stock exchange rules

Gofore Plc Board of Directors' decisions regarding share-based incentive scheme for key personnel

The Gofore Plc Board of Directors has today made decisions on a new performance period for the share-based incentive scheme for key personnel, as well as the payment of rewards from the corresponding program for the year 2022.

The target of all of Gofore's incentive systems is to align the goals of the company, shareholders, and staff to increase the company's value in the long term and to engage Goforeans to work for the company. 

New performance period

In the performance-based share incentive scheme for key personnel, the period from 2025 to 2027 is one three-year performance period covering the financial years 2025 to 2027. In this scheme, participants have the opportunity to earn shares in Gofore Plc based on the achievement of performance criteria.

For the performance period 2025–2027, rewards are based on the following performance criteria:

- Adjusted operating profit margin (adjusted EBITA%) for the years 2025–2027 (50%)

- Growth in Group revenue for the years 2025–2027, measured cumulatively (50%)

The rewards payable from the performance period may correspond to a total value of approximately 76,050 Gofore Plc shares, including the portion paid in cash. The target group of the share incentive scheme during this performance period includes approximately 47 key personnel, including the CEO and members of the group management team.

The 2022 rewards 

The three-year earning period for the performance-based share reward system directed at key personnel of the Group in 2022 has ended in December 2024, and the rewards are estimated to be paid in March 2025. In this system, participants had the opportunity to earn shares of Gofore Plc based on the achievement of earning criteria. 

Rewards were based on the following earning criteria: 

- Adjusted operating profit percentage (adjusted EBITA%) for the years 2022–2024 (50%)

- Growth of the Group's revenue for the years 2022–2024, measured cumulatively (50%) 

Upon payment of the reward, 3,968 company treasury shares will be transferred to the participants without compensation, in addition to the cash portion of the reward. The target group of the share reward system includes 22 key people at the time of payment of the 2022–2024 earning period, including the CEO and members of the Group's management team. 

The rewards from the systems are paid partially in shares of Gofore Plc and partially in cash. The cash portions of the rewards are intended to cover the taxes and statutory social security contributions incurred by the participants from the rewards. If a participant's employment or service relationship ends before the payment of the reward, the reward is generally not paid.

The total number of shares in the company is 15,742,834 shares after the rewards payment and the registration of new shares.

Gofore Plc 

Board of Directors

More information:

Timur Kärki

Chair of the Board of Directors

Gofore Plc

Tel. +358 40 828 5886

timur.karki@gofore.com

Distribution

Nasdaq Helsinki Oy

Main media

www.gofore.com

About Gofore Oyj

Gofore is an international digital transformation consultancy with Finnish roots. We employ nearly 1,500 experts across 18 locations in Finland, Germany, Austria, Spain, and Estonia. With our technology and business expertise, we work for functional, secure and equal services for the digital society and sustainable solutions for the intelligent industry. Our diverse group of professionals share a pioneering ambition to create a more humane and responsible digital world. Our values guide our business: Gofore is a great workplace that thrives on customer success. In 2024, our net sales amounted to EUR 186,2 million. Gofore Plc’s share is listed on the Nasdaq Helsinki Ltd. in Finland. Our vision is to be the most significant digital transformation consultancy in Europe. Discover more about us at gofore.com