Incentive program

Long term incentive program ("LTIP")

LTIP 2016

The AGM 2017 decided on a new Long Term Incentive Program to succeed from 2017 until the AGM 2020.

To participate in the LTIP 2017, the participant is required to own a certain number of shares in Bravida throughout the term and also to be employed in Bravida throughout the period. For each share you participate with, you can be assigned a minimum of one share, and a maximum of five shares in Bravida Holding AB. The CEO may participate with shares equating to a maximum of SEK 300,000 when starting, the CFO with shares equating to SEK 240,000, other members of the Group Management with shares equating to SEK 200,000, Regional Managers and Branch Managers whose branches turnover a minimum of SEK 50 million and has an EBITA margin over 7% may participate with shares equating to a maximum of SEK 50,000, and Branch Managers whose branches turnover a minimum of SEK 30 million and has an EBITA margin over 4% may participate with shares equating to a maximum of SEK 30,000.

In addition, a number of other staff members and other identified key-persons has been invited to invest in the program.

Altogether, 166 people have accepted the offer.

Each participant may be rewarded a minimum of one, and a maximum of five new Bravida shares for each share the participant owns within the LTIP2016.

The number of shares rewarded depends on how well the performance target is met. The performance target is the 2019 earnings (EBITA) for the Group. All participants have the same performance target. Any allotment will occur after the first quarterly report for the 2020 is released.

At a performance achievement according to Bravida’s business plan, an expected annual employee turnover of 10 percent, an annual share price increase of 10 percent, the Company’s total cost for the LTIP 2016 is expected to amount to approximately SEK 23 million.

LTIP 2016

The AGM 2016 decided on an additional program to succeed from 2016 until 21 December 2018. 

To participate in the LTIP 2016, the participant is required to own a certain number of shares in Bravida throughout the term and also to be employed in Bravida throughout the period. For each share you participate with, you can be assigned a minimum of one share, and a maximum of five shares in Bravida Holding AB. The CEO may participate with shares equating to a maximum of SEK 300,000 when starting, the CFO with shares equating to SEK 240,000, other members of the Group Management with shares equating to SEK 200,000, Regional Managers and Branch Managers whose branches turnover a minimum of SEK 50 million and has an EBITA margin over 7% may participate with shares equating to a maximum of SEK 50,000, and Branch Managers whose branches turnover a minimum of SEK 30 million and has an EBITA margin over 4% may participate with shares equating to a maximum of SEK 30,000.

In addition, a number of other staff members and other identified key-persons has been invited to invest in the program.

Altogether, 124 people have accepted the offer. 

Each participant may be rewarded a minimum of one, and a maximum of five new Bravida shares for each share the participant owns within the LTIP2016.

The number of shares rewarded depends on how well the performance target is met. The performance target is the 2018 earnings (EBITA) for the Group. All participants have the same performance target. Any allotment will occur after the first quarterly report for the 2019 is released.

At a performance achievement according to Bravida’s business plan, an expected annual employee turnover of 10 percent, an annual share price increase of 10 percent, the Company’s total cost for the LTIP 2016 is expected to amount to approximately SEK 23 million.

LTIP 2015

In connection to the IPO, 248 employees, mostly branch- and regional managers, accepted an offer from the Company to participate in a long-term incentive plan ("LTIP 2015"). The Program aims to promote and encourage staff loyalty to the business by combining the participants interests with shareholders interests. The Program runs until the end of 2017.

To participate in the LTIP 2015, the participant is required to own a certain number of shares in Bravida throughout the term and also to be employed in Bravida throughout the period. The CEO may participate with a maximum of 7,500 shares, the CFO with a maximum of 6,000 shares, other members of the Group Management with 5,000 shares, Regional Managers with 1,250 shares, and Branch Managers with 750 shares.

Each participant may be rewarded a maximum of three new Bravida shares for each share the participant owns within the LTIP 2015. The CEO may, however, receive a maximum of five shares and the CFO may receive a maximum of four shares.

The number of shares rewarded depends on how well the performance target is met. The performance target is the 2017 earnings (EBITA) for the Group. All participants have the same performance target. The maximum possible value of each share that a participant may receive is limited to 120 kronor. Any allotment will occur after the first quarterly report for the 2018 is released.

At a performance achievement of 50 percent, an expected annual employee turnover of 5 percent, an annual price increase of 10 percent, and the average social tax of 20 percent, the Company's total cost for the LTIP during the term is expected to amount to approximately SEK 17.4 million.