Saab 2014 Annual Report Download - page 29

SAAB’S LONG-TERM
INCENTIVE PROGRAMME
Since 2007, Saab oers permanent employees the
opportunity to participate in a voluntary Share
Matching Plan. Purchases are made through
salary deductions of 1–5 per cent of the employee’s
monthly salary, aer which Series B shares in
Saab are purchased on Nasdaq Stockholm. If
the employee retains the purchased shares for
three years aer the investment date and is still
employed by the Saab Group, the employee will be
allotted a corresponding number of Series B shares
free of charge. Since 2008, senior executives
and other key persons have had the opportunity
to participate in a Performance Share Plan.
e Annual General Meeting held on 8 April
2014 resolved in accordance with the Board’s
proposal to adopt a long-term incentive programme
2014 (LTI 2014), consisting of a Share Matching
Plan 2014 and a Performance Share Plan 2014.
Share Matching Plan 2014 is unchanged from pre-
vious years’ programmes. Performance Share Plan
2014 was modied to attract and retain talented
employees on competitive terms as well as to better
reect Saab’s business strategy and nancial targets.
For more information on the incentive pro-
gramme, see pages 64–65 of the Administration
Report.
AUTHORISATION
e Annual General Meeting 2014 also resolved
to authorise the Board of Directors to decide to
acquire not more than 1,340,000 Saab Series B
shares to secure delivery of shares to participants
in Saab’s long-term Share Matching Plan and
Performance Share Plan and for subsequent trans-
fers to cover certain expenses associated with LTI
2014, mainly social security costs. Repurchases
may be eected on Nasdaq Stockholm. On 5 June
2014, Saab announced that the Board of Directors
had decided to exercise this authorisation and
during the period 21 July to 17 September 2014
purchased a total of 1,340,000 Series B shares on
Nasdaq Stockholm at a total cost of MSEK 252.
Furthermore, the Annual General Meeting
2014 resolved to authorise the Board of Directors
to decide to repurchase Saab Series B shares up to
a maximum of 10 per cent of all the shares in the
company. e purpose of the authorisation is to be
able to adapt the company’s capital structure and
thereby contribute to increased shareholder value
as well as to enable continuous use of repurchased
shares in connection with potential company
acquisitions and for the company’s share-based
incentive programmes. Repurchases may be eected
on Nasdaq Stockholm. During 2014, the Board of
Directors has not made any decisions regarding
exercise of this repurchase mandate.
Both repurchase mandates apply until the
Annual General Meeting 2015.
DIVIDEND AND DIVIDEND POLICY
Saab’s long-term dividend policy is to distribute
20–40 per cent of net income over a business cycle.
For the nancial year 2014, the Board of Directors
proposes a dividend of SEK 4.75 per share (4.50),
corresponding to 43 per cent (65) of net income.
FIVE-YEAR SUMMARY
For information on data per share, see
www.saabgroup.com.
ANALYSTS WHO COVER SAAB
For information on analysts who cover Saab,
see www.saabgroup.com.
Dividend per share
4,400
of Saab’s employees joined the
Saab Share Matching Plan 2014.
THE SAAB SHARE
Earnings per share
after dilution
SEK
0
5
10
15
20
25
1413121110
Equity per share
SEK
0
25
50
75
100
125
1413121110
SEK
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
5.0
1413121110
Yield at year-end
%
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
1413121110
INVESTOR RELATIONS
Ann-So Jönsson, Head of Investor Relations
E-mail: ann-so[e-mail]
Phone: [phone]
*Proposed dividend
*
SAAB ANNUAL REPORT 2014 – 25