Long-term Share Based incentive Plan 2019
The AGM in May 2019 resolved to adopt the board's proposal of a long-term share based incentive plan (“LTIP 2019”). LTIP 2019 comprises approximately 25 employees consisting of senior executives and other key employees. The participants are allocated performance share rights, which provide the participant with a right to acquire shares. Following the defined vesting period, the participants will, free of charge, be allocated shares in the Company provided that certain conditions are fulfilled; The vesting period for LTIP 2019 commences when the participant enters into an agreement regarding participation in the plan and expires in connection with the announcement of the Company’s interim report for the first quarter in 2022. Allocation of shares requires the participant to remain employed within the Enea Group during the vesting period. In addition, a pre-requisite for the allocation of shares is that certain performance targets are fulfilled concerning growth in earnings per share during the financial years 2019-2021. The maximum value that a participant can receive for each share right is limited to SEK 551. The maximum number of shares in the Company, which may be allocated in total under the LTIP 2019 shall be limited to 438,000, which represents approximately 2.3 percent of all outstanding shares and votes in the Company.
More information about the program can be found at material for the Annual General Meeting