| Share-based incentive scheme |
| Tecnotree group has an employee incentive program for 2020 -2022 designed to align the participants' focus with Tecnotree’s growth strategy and long-term success. The LTI Plan includes Restricted Share Units (RSUs) giving a contractual right to receive shares over the next 3 year period as per an equated semi-annual vesting schedule. |
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| Share based incentives during the period 1.1.2020 - 31.12.2020 |
| Initial amount, pcs |
14,500,000 |
14,500,000 |
14,500,000 |
14,500,000 |
14,500,000 |
14,500,000 |
87,000,000 |
| Initial allocation date |
24.1.2020 |
24.1.2020 |
24.1.2020 |
24.1.2020 |
24.1.2020 |
24.1.2020 |
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| Vesting date |
28.2.2020 |
31.8.2020 |
28.2.2021 |
31.8.2021 |
28.2.2022 |
31.8.2022 |
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| Maximum contractual life, yrs |
0.10 |
0.60 |
1.1 |
1.6 |
2.1 |
2.6 |
1.4 |
| Remaining contractual life, yrs |
0.00 |
0.00 |
0.2 |
0.7 |
1.2 |
1.7 |
0.6 |
| Number of persons at the end of reporting year |
0.00 |
0.00 |
51 |
51 |
51 |
51 |
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| Payment method |
Equity |
Equity |
Equity |
Equity |
Equity |
Equity |
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| 1.1.2020 |
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| Outstanding in the beginning of the period |
0 |
0 |
0 |
0 |
0 |
0 |
0.00 |
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| Changes during period |
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| Granted |
2050013 |
2127213 |
2327207 |
2327207 |
2327180 |
2327180 |
13,486,000 |
| Forfeited |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
| Exercised |
2050013 |
2127213 |
0 |
0 |
0 |
0 |
4,177,226 |
| Expired |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
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| 31.12.2020 |
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| Exercised at the end of the period |
2050013 |
2127213 |
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4,177,226 |
| Outstanding at the of the period |
0 |
0 |
2327207 |
2327207 |
2327180 |
2327180 |
9,308,774 |
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| Fair value determination |
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| The fair value of share based incentives have been determined at grant date and the fair value is expensed until vesting. The pricing of the share based incentives granted during the period was determined by the following inputs and had the following effect: |
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| Valuation parameters for instruments granted during period |
| Share price at grant, € |
0.247 |
| Share price at reporting period end, € |
0.704 |
| Expected dividends, € |
0.00 |
| Fair Value |
3,216,079 |
| Effect of Share-based Incentives on the result and financial position during period |
| Expenses for the financial year, share-based payments, equity-settled |
3,359,430 |
| Estimated amount of taxes to be paid to the tax authorities from share-based payments, estimated at the end of the period |
3,998,293 |
