The overall purpose of the Programme is to closely align the participants’ interests with those of the shareholders and to create a long-term commitment to Holmen. The Programme is intended to attract and retain employees who are critical to Holmen’s on-going success.
The Programme is for three years and runs from 2019-2021. To be able to participate in the Programme the employees must personally invest in “saving shares” corresponding to no more than ten per cent of the participant’s annual fixed salary. The allotment of shares after the Vesting Period is mainly depending on the total shareholder return and average return on capital employed.
The AGM also resolved that the company’s commitment to deliver shares to the participants in the Programme will be completed by transfers of shares held by the company. The Programme comprises no more than 190,000 Series B shares.
For more information about the Programme, please see the Board’s proposal concerning a share saving programme for senior executives on section Annual General Meeting 2019.