REMUNERATION
Inderes has two main principles for remuneration: getting the right people on the team and keeping the right people on the team. The company's remuneration is built around these two principles, and Inderes does not have separate bonus arrangements or management incentive schemes. All employees are compensated on the basis of a fixed salary, benefits and employee stock ownership programs. To increase our attractiveness as an employer and to engage our employees in the long-term development of Inderes, we launched an employee share savings program in 2023.
Employee share savings program
On April 25, 2023, the Board of Directors of Inderes resolved to establish a share savings plan for permanent employees of Inderes and its wholly owned subsidiaries. The share savings plan gave permanent employees of Inderes and its wholly owned subsidiaries the opportunity to invest in new shares issued by Inderes.
Period 1 of the program
In the first period of the share savings plan, the subscription price was the transaction volume-weighted average daily price of Inderes’ share between January 24, 2023, and April 24, 2023 minus ten percent.
Employees who commit to the program for a two-year savings period are rewarded with one additional share (gross) for each share purchased. In order to receive the bonus, the employee must, among other things, remain employed and retain personal ownership of the shares purchased during the entire savings period. In addition, in order to receive the additional shares, the employee must not sell any of his or her Inderes shares within six months of the subscription date.
A total of 20,545 shares were issued under the share savings program, representing 1.2% of the total share capital of Inderes before the issuance of the new shares and approximately 1.2% of the total share capital after the issuance of the new shares.
Period 2 of the program
In the second period of the share savings plan, the subscription price was the transaction volume-weighted average daily price of Inderes’ share between January 22, 2024, and April 22, 2024 minus ten percent.
Employees who commit to the program for a two-year savings period are rewarded with one additional share (gross) for each share purchased. In order to receive the bonus, the employee must, among other things, remain employed and retain personal ownership of the shares purchased during the entire savings period. In addition, in order to receive the additional shares, the employee must not sell any of his or her Inderes shares within six months of the subscription date.
A total of 17,192 shares were issued under the share savings program, representing 1.0% of the total share capital of Inderes before the issuance of the new shares and approximately 1.0% of the total share capital after the issuance of the new shares.
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