Remuneration for senior executives
Incentive Programme 2010/2015
An incentive programme has been implemented for senior executives and key employees through a resolution by the extraordinary general meeting on November 8, 2010.
Under the programme, 1,500,000 subscription warrants entitling to subscription for the corresponding number of shares in AarhusKarlshamn AB (publ) have been issued to AarhusKarlshamn Invest AB, a wholly-owned subsidiary, and offered for sale to participants of the program.
Approximately 56 senior executives and key employees in the Group have purchased around 1,100,000 warrants, which corresponds with previous preliminary estimations. Remaining subscription warrants, that have not been transferred, will be reserved for future recruitments of senior executives and key employees to the Group.
The incentive programme, which offers senior executives and key employees the opportunity to take part of an increase in value of the company, is expected to lead to an increased interest in the company’s development. The incentive programme is also expected to contribute to the possibilities to recruit and retain competent employees.
After a market evaluation it has been determined that the strike price for subscription of shares upon exercise of the warrants will correspond to SEK 188. The warrants are transferred to the participants of the programme at market value.
The warrants may be exercised for subscription of shares during the period December 1, 2013 –December 1, 2015.