Incentive programmes

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Long Term Motivation Programme 2018

The Yearly General Fulfilling in Hansa Medical hung on Might 29, 2018 fixed, based on the Board of Directors’ proposition, to embrace a long-term incentive program for staff members in Hansa Medical, whereby not more than 52 people within the Hansa Medical team may take part. The participants in the program are given the opportunity to get warrants at market value and/or get so called performance based share honors absolutely free which, gave that certain problems are fulfilled, might provide the right to get shares in the Firm.

An optimum of 491,419 warrants or 297,902 share awards may be allocated to individuals under the programme. The Annual General Fulfilling additionally dealt with, based on the Board of Directors’ proposition, to embrace specific hedging arrangements to make sure delivery of shares based upon share honors to participants at the end of the program, in addition to cover any social fees emerging as a result of the programme. The hedging setups include a share problem authorisation for the Board of Supervisors to issue not greater than 391,503 Class C shares, of which 93,601 Class C shares will certainly be issued to cover social security expenses, an authorisation for the Board of Directors to repurchase the issued Course C shares and also a resolution to move the re-purchased shares, after a conversion to common shares, to individuals of the programme and also on the market in order to cover the cash flow impacts of social costs.

Long-term Incentive Program 2016

At the extraordinary basic meeting in Hansa Medical, held on 21 November 2016, it was resolved to take on a long-term motivation programme in the form of an efficiency based share program for workers of the team (” LTIP 2016″). LTIP 2016 has actually been executed to inspire and also preserve qualified employees in addition to for the positioning of the targets of the staff members with those of the shareholders as well as the business, along with to enhance the motivation of conference as well as surpassing the company’s economic targets.

Individuals who, with certain exceptions, are employed by Hansa Medical throughout the entire programme period of 3 years will, by the end of the duration, receive so called performance shares, i.e. detailed Hansa Medical shares, absolutely free, gave that the overall shareholder return (the go back to investors through an enhanced share rate and also reinvestments of any type of returns during the vesting period) on the business’s regular shares goes beyond 25 percent (maximum part is obtained if the overall shareholder return amounts to one hundred percent) during the program duration.

Since May 19 2017, 26 staff members had picked to take part in LTIP 2016, implying that the overall variety of shares which might be allotted under LTIP 2016 will not exceed 289,750 ordinary shares. Together with an optimum of 96,000 ordinary shares which may be made use of to safeguard social fees occurring as a result of LTIP 2016, this represents in total 1.1 percent of the existing number of regular shares in Hansa Medical. The costs for LTIP 2016 are reported in accordance with IFRS 2. For more details, see the board of supervisors’ proposition to the general meeting.

Share warrant programme 2015-2019

A total amount of 296,000 warrants were acquired by the firm’s staff members in 2015 under the warrant program that Hansa Medical’s Annual General Meeting adopted on June 2, 2015. Each warrant qualifies the owner to subscribe for one new share in Hansa Medical. Subscription for shares in accordance with the terms of the warrants may take place during the period from June 15, 2018, and June 15, 2019.

The warrants were offered to the firm’s employees on market terms at a rate established on the basis of an approximated market price of the warrants making use of the Black & Scholes version computed by an independent valuation institute. The worth has actually been evaluated SEK 8.40 per option based upon a share cost of SEK 36.04 with a future yearly rise of 7 percent. The rise in the business’s share capital upon full exercise of the share warrants will certainly total up to SEK 296,000, and corresponds to a dilution of around 0.9 percent of the complete variety of shares and also the overall variety of enact the business.

The choice program is supported by the firm and the workers have actually been given an one-time incentive as part of the stock option purchase. The choices are linked to proceeded work with the company only in the feeling that, if the work would certainly be terminated, the stock option proprietor shall use the warrants to the firm and repay the resulting aid.

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