Remuneration Information • Mar 18, 2014
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Download Source File No. 9/2014
In accordance with ISS A/S’ Overall Guidelines for Incentive Pay, as adopted at
the extraordinary general meeting held on 1 March 2014, ISS A/S has today
implemented (i) a new long-term incentive programme (the “LTIP”) for the
Executive Group Management Board and certain other employees comprising 952,169
performance share units (“PSUs”) of which a total of 131,914 PSUs have been
granted to the Executive Group Management Board and a total of 768,752 PSUs
have been granted to certain other employees and (ii) a new transition share
programme (the “Transition Share Programme”) for the Executive Group Management
Board and certain other employees comprising 526,720 PSUs of which a total of
137,786 PSUs have been granted to the Executive Group Management Board and a
total of 382,950 PSUs have been granted to certain other employees.
Upon vesting, each PSU entitles the holder to receive one share in ISS A/S at
no cost. Full or partial vesting of the PSUs granted under the Transition Share
Programme and the LTIP is subject to achievement of certain performance
targets. Prior to vesting, holders of PSUs will not have any of the rights that
holders of Shares would otherwise be entitled to, such as voting and dividend
rights.
Reference is also made to the offering circular published by ISS A/S on 3 March
2014 for further information on the Transition Share Programme and the LTIP.
Pursuant to section 28a of the Danish Securities Trading Act, the following
transactions in shares and associated securities of ISS A/S have been reported
by members of the Executive Group Management Board in connection with the grant
of PSUs:
Transaction Received performance share units under the Transition Share
Programme which are conditional upon fulfilment of certain
performance targets in 2014 and 2015.
Received performance share units under the Long-term Incentive
Programme which are conditional upon fulfilment of certain
performance targets in 2014, 2015 and 2016.
Type of Performance share units related to shares in ISS A/S
security
Trading 18 March 2014
date
(grant
date)
Trading N/A
market
Number of Transition Share Programme: 49,725 (assuming 100% vesting)
shares Long-term Incentive Programme: 49,725 (assuming 100% vesting)
Market 15,912,000 (based on an IPO price of DKK 160 per performance share
value, DKK unit and assuming 100% vesting)
Transaction Received performance share units under the Transition Share
Programme which are conditional upon fulfilment of certain
performance targets in 2014 and 2015.
Received performance share units under the Long-term Incentive
Programme which are conditional upon fulfilment of certain
performance targets in 2014, 2015 and 2016.
Type of Performance share units related to shares in ISS A/S
security
Trading 18 March 2014
date
(grant
date)
Trading N/A
market
Number of Transition Share Programme: 29,063 (assuming 100% vesting)
shares Long-term Incentive Programme: 27,125 (assuming 100% vesting)
Market 8,990,080 (based on an IPO price of DKK 160 per performance share
value, DKK unit and assuming 100% vesting)
Transaction Received performance share units under the Transition Share
Programme which are conditional upon fulfilment of certain
performance targets in 2014 and 2015.
Received performance share units under the Long-term Incentive
Programme which are conditional upon fulfilment of certain
performance targets in 2014, 2015 and 2016.
Type of Performance share units related to shares in ISS A/S
security
Trading 18 March 2014
date
(grant
date)
Trading N/A
market
Number of Transition Share Programme: 29,935 (assuming 100% vesting)
shares Long-term Incentive Programme: 27,939 (assuming 100% vesting)
Market 9,259,840 (based on an IPO price of DKK 160 per performance share
value, DKK unit and assuming 100% vesting)
Reason Group COO Americas & APAC and member of the Executive Group
Management Board
Transaction Received performance share units under the Transition Share
Programme which are conditional upon fulfilment of certain
performance targets in 2014 and 2015.
Received performance share units under the Long-term Incentive
Programme which are conditional upon fulfilment of certain
performance targets in 2014, 2015 and 2016.
Type of Performance share units related to shares in ISS A/S
security
Trading 18 March 2014
date
(grant
date)
Trading N/A
market
Number of Transition Share Programme: 29,063 (assuming 100% vesting)
shares Long-term Incentive Programme: 27,125 (assuming 100% vesting)
Market 8,990,080 (based on an IPO price of DKK 160 per performance share
value, DKK unit and assuming 100% vesting)
For media enquiries
Kenth Kærhøg, Head of Group Communications, +45 38 17 62 05
For investor enquiries
Barbara Plucnar Jensen, Head of Group Treasury, +45 38 17 62 60
Martin Kjær Hansen, Treasury Manager, +45 38 17 64 31
About ISS
The ISS Group was founded in Copenhagen in 1901 and has grown to become one of
the world’s leading Facility Services companies. ISS offers a wide range of
services such as: Cleaning, Catering, Security, Property and Support Services
as well as Facility Management. Global revenue amounted to DKK 78.5 billion in
2013 and ISS has more than 530,000 employees and local operations in more than
50 countries across Europe, Asia, North America, Latin America and Pacific,
serving thousands of both public and private sector customers. For more
information on the ISS Group, visit www.issworld.com.
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