The share plan for the top management provided for the issue of shares in Kendrion as payment in kind. After the General Meeting of Shareholders each year the number of shares to be awarded to the top management of Kendrion in that year was determined by the Supervisory Board on the basis of the Executive Board’s recommendations. The plan did not extend to the Executive Board. In addition, the Business Unit Managers and a number of other officers were offered an opportunity to apply for the conversion of a maximum of half of their annual net cash bonus into shares. Kendrion doubled the number of shares after three years when officers are still employed by Kendrion and still possess the shares. Pursuant to these share plans a total of 8,174 shares were issued in 2016. For central administration and handling purposes it has been decided to issue new – registered – shares. Kendrion is considering the introduction of a revised share plan for the senior management (excluding the Executive Board) as of 2017.
A bonus scheme in shares was granted to the members of the Executive Board for 2016. More information about the shares granted to the members of the Executive Board can be found . here
A comprehensive description of the bonus scheme for 2016 and onwards is included in the . remuneration policy