Attendo’s incentive program

At the extra general meeting on November 16, 2015 Attendo resolved to implement two incentive programs – one warrant program to the Executive Management and one share savings plan to other leaders and employees. The purpose with the incentive programs is to encourage and maintain strong commitment to Attendo and to contribute to long-term shareholder value.

Warrants

The warrants were offered to the Executive Management at the date of the listing but with a possibility to be offered also to future members of Executive Management or other key employees. The warrants were issued to Attendo AB’s subsidiary Attendo Intressenter AB from where the participants have acquired the warrants to fair value.

A total number of 5 280 030 warrants have been issued. The warrant program does not generate any additional cost to Attendo, with the exception of social security expenses in Finland of some SEK 200.000, and corresponds to a total of 3.3 percent of Attendo’s share capital. The warrants have been issued in three separate series.

Series 2015/2017 comprise of a total of 1 949 730 warrants of which the participants have acquired 1 443 112 warrants which can be exercised 1 January – 31 December 2017. The exercise price in the series amounts to SEK 60.00

Series 2015/2018 comprise of a total of 1 725 020 warrants of which the participants have acquired 1 276 788 warrants which can be exercised 1 January – 31 December 2018. The exercise price in the series amounts to SEK 62.50

Series 2015/2019 comprise of a total of 1 605 280 warrants of which the participants have acquired 1 188 168 warrants which can be exercised 1 January – 31 December 2019. The exercise price in the series amounts to SEK 65.00

Attendo has reserved the right to repurchase warrants if the participant’s employment in the Company is terminated or if the participant wishes to further transfer the warrant.

For further information about Attendo’s warrant program, see Attendo’s annual report for 2015 page 62.

Share savings plan Attendo+

The share savings plan is available for all employees in Attendo and requires that the participants acquire shares to market price. The participants that hold savings shares during the entire vesting period and remain employed by Attendo during the period will at the end of the program receive so called matching shares. The employees are given the opportunity to invest at different levels, depending on their position and possibility to affect the Company’s results, and based on this matching shares can be obtained without consideration and vary between 1 share, ½ share and 1/3 share for each acquired savings share.

Some of Attendo’s leaders will in addition to the matching shares be able to obtain, without consideration, an additional share in Attendo based on the condition that some defined performance criteria are met. The performance criteria are based on that Attendo achieves a long term EBITA target at the same time as the quality index remains unchanged or has improved. The cost for the share savings plan will be accounted for in accordance with IFRS 2 – share based payments. The share savings plan can comprise of in total 349 600 shares which corresponds to a dilution of 0.22 percent. Exact cost for the program after the enrolment period has ended will be presented in Attendo’s annual report 2016. The enrolment period ended as of August 2016 and resulted in approx. 520 employees that chose to participate in the program.

Attendo values

Competence - for us, competence means for example that we take pride in being at the forefront of quality in our industry and that we are willing to share our results openly.

Commitment - for us, commitment means for example that we have a ”can do attitude” and always try to exceed expectations.

Care - for us, care means for example that we make people feel safe & secure.

Contact

Attendo is the largest private provider of care services in the Nordic region. We provide services ranging from elderly and social care to health, medical and dental care. For more information contact us at +46 (8) 586 252 00.