TRANSFER OF HARVIA’S OWN SHARES AS REWARDS UNDER INCENTIVE PROGRAM
HARVIA PLC STOCK EXCHANGE RELEASE March 24, 2026 at 9:00 a.m. EET
The Board of Directors of Harvia Plc has on 10 March 2026 decided on a directed share issue without consideration for the payment of rewards earned under the company’s share-based incentive program. The share payments concern the performance period 2023–2025 of the company’s share-based incentive program.
In the share issue, 13,823 own shares held by the company have today been transferred without consideration to the key employees participating in the share-based incentive program in accordance with the terms and conditions of the program.
The company holds a total of 6,977 own shares after the transfer of shares under the incentive program.
The decision on the transfer of shares is based on the authorization granted to the Board of Directors by the Annual General Meeting on 8 April 2025. The transfer of shares has no diluting effect on shareholdings as the shares transferred are own shares held by the company.
The launch of the performance period and its key terms and conditions have been announced in a stock exchange release on 26 June 2023. The purpose of the long-term incentive program is to support the implementation of the company’s strategy, to align the objectives of the management and the company’s shareholders to increase the value of the company and to improve the performance of the company as well as to strengthen the commitment of the management to the company.
Additional information:
Ari Vesterinen, CFO
tel. +358 40 5050 440
Harvia is one of the leading companies operating in the sauna market globally, as measured by revenue. Harvia’s brands and product portfolio are well known in the market, and the company’s comprehensive product portfolio strives to meet the needs of the international sauna market of both private and professional customers.
Harvia’s revenue totaled EUR 198,9 million in 2025. Harvia Group employs over 700 professionals in Finland, United States, Germany, Romania, China and Hong Kong, Austria, Italy and Sweden. The company is headquartered in Muurame, Finland, adjacent to its largest sauna and sauna component manufacturing facility.
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