Sitowise Group Plc Stock Exchange Release 16 December 2022 at 8.00 a.m.

Amendment to the terms and conditions of stock option plan 2021

Sitowise Group Plc’s Board of Directors resolved on 11 March 2021 to establish a stock option plan 2021.

The Board of Directors has resolved to amend share subscription price for shares to be subscribed based on stock options on 15 December 2022. For stock options 2021A the new share subscription price is EUR 6.00. The share subscription price for the stock options 2021B is maintained unchanged and is EUR 8.10 which equals the share subscription price in the company’s initial public offering decreased with the paid dividend. The per-share dividends and capital repayments to be paid annually will be deducted from the share subscription price.

Before the amendment, the share subscription price for all stock options was the share subscription price in the company’s initial public offering (EUR 8.20) decreased with annually paid dividends and capital repayments.

The share subscription period for stock options 2021A is 1 April 2024 - 31 March 2025 and for stock options 2021B 1 April 2025 - 31 March 2026. The share subscription period for stock options, however, will not commence, if the vesting criteria established by the Board of Directors for the commencement of the share subscription period have not been achieved. The Board of Directors has divided the stock options 2021A and 2021B into Matching and Performance options. The Board of Directors has decided to remove the vesting criteria for the Match 2021A and Match 2021B options. The vesting criteria concerning the Performance 2021A and Performance 2021B options has not been changed since the establishment of the stock option plan.

The amendments are made to preserve the purpose of the stock option plan which is to engage option holders in the growth of the company’s share value. In this manner, a long-term relationship can be established between the company and the option holders that benefits the company both financially and operationally. 

Sitowise Group Plc

Board of directors

Additional information:

Heikki Haasmaa, CEO, Sitowise Group Plc, tel. +358 50 304 7765


Nasdaq Helsinki Ltd
Major media

About Sitowise

Sitowise is a Nordic expert in the built environment and digital solutions. We provide design and consulting services to enable more responsible and smarter urban development as well as smooth transportation.  We operate in three business areas in Finland and Sweden: real estate and buildings, infrastructure, and digital solutions.

We want to raise the bar for intelligence and sustainability, and that is why our vision is to be the most responsible partner in developing thriving and sustainable living environments. Sitowise has grown rapidly and profitably in recent years. The Group’s net sales in 2021 were approximately EUR 179 million and the company employs more than 2,000 experts. Sitowise Group Plc is listed on Nasdaq Helsinki under the trading symbol SITOWS.