Shareholding

As from 2005, Kendrion has a stock plan for executives of operating companies. This plan allows to award Kendrion shares as compensation in kind. The number of shares granted to individual operating company executives is determined annually by the Supervisory Board as advised by the Executive Board after the annual General Meeting of Shareholders. Under the plan, 2,700 shares were granted in 2008. The plan does not apply to the Board. 

A long-term incentive (LTI) has been in place for the Board for the period 2005 - 2007. This entails Kendrion, depending on the extent to which a number of predetermined targets have been achieved, delivering a maximum of 2,113 shares, on the basis of an “at-target performance”, over 2009 to the Board members as payment in kind. With respect to the past three year period, 3,377 shares have been issued to the members of the Board.   

A list of the number of Kendrion shares held by the members of the Statutory Board and Supervisory Board as at 31 December 2008 is provided below.