Lumi Gruppen AS launches long-term employee incentive plan

Lumi Gruppen AS announced on November 26, 2025, the establishment of a new long-term incentive plan (LTIP) for key employees. The plan aims to attract and retain talent by offering awards convertible into company shares over a four-year term, based on performance during the 2024/2025 to 2027/2028 school years.

Awards for the 2024/2025 school year will see 20% vest one year after issuance, with the remainder vesting evenly over the subsequent three years, subject to performance. Vested awards for 2025/2026 and 2026/2027 can be exercised two years after vesting, while 2027/2028 awards can be exercised one year after vesting.

The LTIP allows for the issuance of a maximum of 2,400,000 new shares, each with a strike price determined by the board. Share issuance requires general meeting approval or authorization; otherwise, vested awards may be settled in cash. Lumi Gruppen is a leading Norwegian education provider, operating Oslo Nye Høyskole and Sonans.