Amendment to Long-term Incentive Plan
Softline (now Noventiq) (LSE: SFTL) will amend the existing long-term incentive plan ("LTIP")
Softline Holding plc began trading under the brand name Noventiq after divesting part of its business in October 2022.
London, 29 April 2022 – Softline (LSE: SFTL), the Cyprus registered Global IT and digital transformation solutions provider headquartered in London and operating in 60 countries announced that based on the current commercial environment and the increased volatility and uncertainty in the market, the Company will amend the existing long-term incentive plan (“LTIP”) to include the introduction of a fixed option to share conversion ratio of 1:0.85 applicable for exercise below the $7.5 per share threshold (IPO price). The amendment relates to the portion of options with a $1.12 strike price, with no change to the existing strike price, and no impact on dilution.
VP, Investor Relations