Saab 2015 Annual Report Download - page 37

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 15 April
2015 resolved in accordance with the Board’s proposal
to adopt a long-term incentive programme 2015
(LTI2015), consisting of a Share Matching Plan 2015
and a Performance Share Plan 2015. e proposed
terms for LTI 2015 correspond to the terms intro-
duced through LTI 2014 and which are considered
appropriate.
LTI 2015 makes it easier for current and future
employees to become shareholders in Saab and
includes a requirement that they make a personal
investment in Saab shares. e aim of the programme
is to encourage employees’ long-term commitment
and performance as well as to increase the Group’s
attractiveness as an employer.
For more information on the incentive
programme, see pages 58–59 and note 10.
AUTHORISATION
e Annual General Meeting 2015 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 transfers to cover
certain expenses associated with LTI 2015, mainly
social security costs. Repurchases may be eected
on Nasdaq Stockholm.
Furthermore, the Annual General Meeting 2015
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 com-
pany. 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 2015, the Board of Directors did not make
any decisions to exercise this repurchase mandate.
Both repurchase mandates apply until the
Annual General Meeting 2016.
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 2015, the Board of Directors
proposes a dividend of SEK 5.00 per share (4.75),
corresponding to 39 per cent (43) 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
4,549
of Saab’s employees joined the
Saab Share Matching Plan 2015.
THE SAAB SHARE
Earnings per share
after dilution
SEK
0
5
10
15
20
25
1514131211
Equity per share
SEK
0
25
50
75
100
125
1514131211
SEK
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
5.0
1514131211
Yield at year-end
%
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
1514131211
INVESTOR RELATIONS
Ann-So Jönsson, Head of Investor Relations
E-mail: ann-so[e-mail]
Phone: [phone]
*Board of Directors'proposal
*
*Calculated on a SEK 5.00 dividend
*
SAAB ANNUAL REPORT 2015 – 33