The Board of Directors of Canatu Plc has resolved to amend the Performance Share Plan for key employees of the group and the Employee Share Savings Plan
Canatu Plc Company Release 11 May 2026 at 2:00 p.m. EEST
The Board of Directors of Canatu Plc has resolved to amend the Performance Share Plan for key employees of the group and the Employee Share Savings Plan
The Board of Directors of Canatu Plc (the “Company”) resolved on 9 December 2024 to establish a share-based incentive plan for key employees of the group, the Performance Share Plan 2025-2028 (the "Original PSP”) as well as an Employee Share Savings Plan (the “ESSP”). Since the establishment of the Original PSP and the ESSP, the Board has on 25 March 2026 approved an updated Company strategy and new long-term financial targets extending to the end of 2030.
Having carefully considered the Original PSP against the updated strategy, the extended time horizon of the new long-term financial targets, prevailing market conditions and the Company's current share price, the Board has determined that amendments to the Original PSP are warranted in order to ensure continued alignment between the incentives provided under the plan and the Company's revised strategic objectives and achievable long-term value creation.
Accordingly, the Board has today resolved to update the Original PSP, henceforth to be referred to as the Performance Share Plan 2025-2030 (the "Updated PSP"). The key amendments comprise an extension of the performance period to 2030, updated performance levels reflecting the new long-term financial targets, and a revised reward payment schedule. In connection therewith, the Board has also redefined the total shareholder return level applicable to the additional matching shares under the ESSP for the same reasons.
The Updated PSP consists of one performance period commencing on 1 January 2025 and ending on 31 December 2030, divided into two measurement periods: (i) 1 January 2025 to 31 December 2027; and (ii) 1 January 2028 to 31 December 2030. The amended performance criterion under the Updated PSP continues to be based on total shareholder return (TSR), determined by reference to the price of the Company’s series A share, as adjusted to reflect the new long-term financial targets. The updated performance levels for TSR are EUR 12, 14, 16 and 20, calculated as the price of the Company’s series A share, added by any distribution of funds per share. If the maximum targets are met, the rewards correspond to a maximum total of 2,189,295 series A shares, including a proportion to be paid in cash. The target group consists of approximately 50 key employees, including the members of the Management Team and the Managing Director.
In all other respects, the terms of the Updated PSP remain the same as announced by the Company on 9 December 2024.
CANATU PLC
Board of Directors
Additional information
Timo Ahopelto
Chair of the Board of Directors
timo@lifelineventures.com
tel. +358 40 056 9628
Certified Adviser
DNB Carnegie Investment Bank AB (publ)
tel. +46 (0) 8 588 685 70
About Canatu
Canatu (CANATU, Nasdaq First North, Finland) is a fast-growing deep technology company creating advanced carbon nanotubes (Canatu CNTs), related products, and manufacturing equipment for the semiconductor, automotive, and medical diagnostics industries. Canatu partners with forerunner companies, together transforming products for better tomorrows with nano carbon.
Canatu’s versatile platform technology has broad potential applications. Its current core includes CNT membranes for extreme ultraviolet (EUV) processes in the semiconductor industry, enabling more effective manufacturing of the most advanced chips, as well as film heaters for advanced driver-assistance systems (ADAS) in the automotive industry. Additionally, electrochemical sensors for medical diagnostics are in the development phase. Canatu’s patented CNT reactors and Dry DepositionTM method yield clean and pristine CNTs. The company operates through two business models: selling CNT products directly, as well as selling CNT reactors and licensing the related technology so that customers can produce CNT products under a limited license.
Headquartered in Finland, Canatu also operates in the US, Japan and Taiwan. Founded in 2004 as a spin-off from Aalto University’s Nanomaterials Group, Canatu currently has 145 full-time equivalent employees representing over 35 nationalities, with nearly 20% holding or pursuing doctorates. Discover more at www.canatu.com and follow us on LinkedIn.