The aim is that the programmes will strengthen the joint interest in achieving maximum long-term value creation in Axfood and facilitate Axfood in recruiting and retaining senior executives and other key persons.

Participation requires that the participants buy or previously own a certain number of shares in Axfood (“savings shares”) and that the shareholding continues throughout the entire term. All participants have bought shares in Axfood at market price up to the predetermined, maximum number of shares for each category of participants. After the set vesting period, the participants will be allotted shares in Axfood, free of charge, provided that the established conditions are met.

If a participant’s employment ceases during the vesting period due to contractual or age-based retirement, the allotment of share rights is reduced in proportion to the amount of the vesting period that had passed at the time of retirement.

The cost is allocated on a straight-line basis over a three-year period and includes social security contributions. The carrying amounts during the year have been affected by individuals who have left the programmes and individuals who have retired.