AutoWallis Plc. has launched a results-based new remuneration policy to support its strategic goals in the form of an Employee Share Ownership Plan (ESOP). Only certain managers and employees of AutoWallis and its subsidiaries (the Group) are eligible to participate in the third program. Under the Articles of Incorporation, the 1,638,650 AutoWallis ordinary shares necessary for the program can be acquired by the ESOP organization either from AutoWallis Plc., by a direct purchase with stock exchange transactions using its own funds received from the issuer, and AutoWallis Plc. also provided the ESOP organization with a share purchase option. The term of this plan is 24 months, and the participants will receive the shares within the context of this remuneration policy only when the set results objectives are met. AutoWallis CEO Gábor Ormosy said that the new programs, which are to be launched every year in a similar structure, effectively support the company’s shareholder value creation strategy and are a further incentive for key managers to achieve the objectives set.

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