Account of ZetaDisplay AB’s variable renumeration to senior executives, and for each of all outstanding share- and share price-related incentive plans according to Swedish Code of Corporate Governance (“the Code”) 10.3.
The compensation to ZetaDisplay’s senior executives consists of a fixed base salary or consultant fee, variable renumeration, long-term incentives (employee share options, see below), pension benefits and other benefits. Before the annual meeting of 2017, principles for variable cash compensation will be proposed.
ZetaDisplay has an incentive plan targeted to senior executives and employees. As per a decision from the extraordinary general meeting of 21st March 2016, senior executives and employees of ZetaDisplay were offered to acquire share option rights in March-April 2016. These entitles them to acquire ordinary shares at a price of 8,60 SEK per share. Each share option right grants the holder to acquire one ordinary share. Shares can be acquired from 15th March 2019 to 31st March 2019. If all share option rights are used to acquire ordinary shares, the number of shares in the company increases by 600 000 ordinary shares.