Incentive scheme

At Semcon AB’s EGM on 7 February 2008 it was decided to introduce a long-term share savings scheme, and the transfer of the company’s own shares, to approve the implementation of a convertible-based incentive scheme and to take out a convertible subordinated loan.

The share savings scheme is aimed at employees at the Swedish and German companies. Participants were offered offered, over a 12-month to save a certain part of their salaries before tax. The saved part of the salary will be used to buy shares in the company via the stock market, known as savings shares. Each savings share still owned by the participant after three years, if he or she is still employed by the company, will receive a free share from the company, known as a matching share. The number of matching shares is limited to 250,000 shares. The total 330,000 shares assigned for the scheme, i.e. 250,000 matching shares and 80,000 shares allowed to be bought or sold to cover costs – amounts. Total around 600 people subscribed for the share savings scheme.

The maximum numbers of savings shares (250,000) were acquired during the savings period. These savings shares provide the individuals still employed by the company between August 2011 and March 2012, a free share per savings share held. Individuals who participated in the scheme, but who lost their jobs in the recent redundancy program, are entitled to a premature matching of shares.

The convertible-based incentive scheme was bought back by the company in Q4 2008.