Successful share saving program in HMS Networks AB
(Thomson Reuters ONE) -
At the 2012 annual general meeting in HMS Networks AB (publ), it was decided to
initiate a share saving program for all employees in the HMS Group. For each
share saved in this program the participant has the right to receive one
matching share and, if certain financial goals are achieved, one performance
share free of charge from the Company. Distribution of matching- and performance
shares will take place on March 1, 2017.
Participation and result
In the share saving program, involving saving in HMS shares during 2013, 206
employees in HMS participated corresponding to approximately 61 % of the average
number of employees in the Group. During the saving year a total of 22 457
shares in HMS was acquired. The qualification period for the 2013 share saving
program extended over the period January 1, 2014 through December 31, 2016.
Establishing the 2016 year end result the following result was determined.
For all participants remaining as employees as of December 31, 2016 one matching
share for each saved share will be granted. In total 22 457 shares in HMS.
Based on the financial outcome for the period January 1, 2014 through December
31, 2016 25.2% of the matching shares will be granted. In total 5 659 shares in
HMS.
As of March 1, 2017 HMS will, free of charge, distribute 28 117 shares to the
participants in the 2013 share saving program. Based on the average acquisition
price of 145 Kr per share during the saving year 2013 the total increase in
value (including shares received free of charge but excl. tax), for the shares
saved by the participating employees in the program, was 490 %.
The cost for the share saving program has been taken into consideration
continuously in the Company's result during the period 2013 through 2016.
For more information, please contact:
Staffan Dahlström, CEO HMS, +46 709-17 29 01
Gunnar Högberg, CFO HMS, +46 709-17 29 95
This information is such that HMS Networks AB (publ) is required to disclose in
accordance with the Swedish Financial Instruments Trading Act and/or the Swedish
Securities Market Act. The information was submitted for publication at 13.00 pm
CET on February 28, 2017.
HMS Networks AB (publ) is a market-leading supplier of products for industrial
communication including remote management. HMS develops and manufactures
solutions for connecting automation devices and systems to industrial networks
under the Anybus, IXXAT, eWON and Intesis brands. Development and manufacturing
take place at the headquarters in Halmstad, Sweden, Nivelles, Belgium, Igualada,
Spain and in Ravensburg, Germany. Local sales and support are handled by sales
offices in China, France, Germany, Switzerland, India, Italy, Japan, UK, Spain
and USA. HMS employs approximately 500 people and reported sales of SEK 952 m in
2016. HMS is listed on the NASDAQ OMX Nordic Exchange in Stockholm in the
category Mid Cap, Information Technology.
Press release (PDF) :
http://hugin.info/138433/R/2082829/784969.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: HMS Networks AB via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 28.02.2017 - 13:00 Uhr
Sprache: Deutsch
News-ID 527400
Anzahl Zeichen: 3727
contact information:
Town:
Halmstad
Kategorie:
Business News
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"Successful share saving program in HMS Networks AB"
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