Employee LTIP
A long-term share-related incentive plan in the form of a share option plan for members of Group management and other employees of the Company was approved by the 2022 EGM (“Employee LTIP 2022”), with the aim of aligning the interests of the members of Group management and other employees with the interests of the shareholders, as well as to provide market appropriate reward for a new business focused on growth, reflecting continuity, commitment and share price appreciation. The Board believes that the Employee LTIP 2022 provides the Company with a crucial component to a competitive total compensation package to attract and retain employees who are critical to the Company’s future.
Similar plans were approved by the 2023 AGM (“Employee LTIP 2023”) and the 2024 AGM (“Employee LTIP 2024”). More information around the respective program can be found in the links below and in the Company’s financial reports.
Board LTIP
The 2022 EGM resolved to approve a one-off long-term share-related incentive plan for members of the Board (“Board LTIP 2022”) in the form of a share option plan (“Board Options”). The reason for establishing a one-off long-term share-related incentive plan for the members of the Board was to align their interests with the interests of the shareholders, as well as to provide market appropriate reward reflecting responsibilities, commitment and share price appreciation.
