2013-01-08 12:16:36 -
As decided at the 2012 Annual General Meeting, employees in the HMS Group have
been offered to participate in a Share Saving Program. The offer includes all
employees in the Group. During 2013, participants are offered the opportunity to
invest between 1% and 6% of their annual fixed gross salaries in shares in the
Company at the market price listed on NASDAQ OMX Stockholm. The registration
period for the Share Saving Program was December 2012.
Of the total number of employees, 60% have chosen to participate in the Share
Saving Program. The cost for the program is expected to be in line with the
estimate made in connection with the decision of the Annual General Meeting and
is calculated to be 8.5 MSEK. The cost will be distributed over
the years 2013 -
2016. The calculations are based on the assumption that all matching and
performance shares will be utilized. It is the intention of the Company to
purchase HMS shares during 2013 to meet the expected allocation based on the
savings made by the employees.
The Board of Directors' reason for the proposal of a Share Saving Program is
that a long-term, personal ownership engagement on the part of the employees can
be expected to stimulate an increased interest in the business and the earnings
trend, and to strengthen motivation and team spirit within the Company. The
offering is to be regarded as part of the ordinary remuneration policy.
For more information please contact:
Gunnar Högberg, CFO, phone: +46 709 17 29 95
HMS Networks AB (Publ) is a world-leading supplier of communication technology
for industrial automation. Sales for the last twelve months totaled SEK 391
million. Over 90% of these sales were to customers located outside Sweden. All
product development and parts of the manufacturing are performed at the head
office in Halmstad. Sales offices are located in Tokyo, Beijing, Karlsruhe,
Chicago, Milan, Mulhouse, Pune, Coventry and Copenhagen. HMS has 240 employees
and produces network interface cards and Gateways to interconnect different
networks under the trademark Anybus® and products for remote management under
the trademark Netbiter®. HMS is listed on the Nasdaq OMX Stockholm Small Cap
list, in the Information Technology sector.
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Source: HMS Networks AB via Thomson Reuters ONE