Yearly Review Remuneration for senior executives shall be reviewed yearly and at least every fourth year, on the basis of area of responsibility, performance and competence, as well as the principles for remuneration described above. Termination Notice and Severance Pay The notice period for senior executives, and the period of time during which salary payment will continue, shall generally be six (6) months. However, in situations where Hemnet terminates the employment, severance pay may amount to a maximum of twelve (12) monthly salaries. Fixed cash salary during the period of notice and severance pay may together not exceed an amount equivalent to the fixed cash salary for twelve (12) months for senior executives. Additionally, remuneration may be paid for non-compete undertakings. Such remuneration shall compensate for loss of income and shall only be paid in so far as the previously employed executive is not entitled to severance pay. The remuneration shall be based on the fixed cash salary at the time of termination of employment and be paid during the time the non-compete undertaking applies, however not for more than twelve (12) months following termination of employment. Compensation to Board Members Members of the Board of Directors may, in certain cases where particularly motivated in light of the board member’s competence and suitability, perform
services outside of the ordinary directorship. Market compensation shall be paid for such services, which is to be decided by the Board of Directors. Remunerations of this kind are to be presented in the financial reports in accordance with applicable accounting legislation. Salary and employment conditions for employees In the preparation of the Board of Directors’ proposal for these guidelines, salary and employment conditions for employees of Hemnet Group AB have been taken into account by including information on the employees’ total income, the components of the remuneration and increase and growth rate over time, in the Remuneration Committee’s and the Board of Directors’ basis of decision when evaluating whether the guidelines and the limitations set out herein are reasonable. Deviations Deviations from these guidelines in whole or in part may be made in exceptional cases if the Board of Directors find that there are special circumstances at hand and a deviation is necessary to serve the Company’s long-term interests, including its sustainability, or to ensure the Company’s financial viability. Information about such deviation and the reasons therefore shall be given at the following Annual General Meeting. As set out above, the Remuneration Committee’s tasks include preparing the Board of Directors’ resolutions in remuneration-related matters. This includes any resolutions to deviate from the guidelines.
G1 G2 G3 G4 G5 G6 G7 G8 G9
G10 G11 G12 G13 G14 G15 G16 G17 G18 G19 G20 G21 G22 G23 G24 G25 G26 G27 G28
Exercise price, SEK
Warrant price, SEK
Risk-free interest rate
Issued warrants
2021-12-31 2022-12-31
Volatility
Maturity
LTIP I 2021/2024 LTIP II 2022/2025
469,253
469,253
155,25
11,89
-0,18%
32%
2024
-
533,000
155,00
17,26*
1,55%*
32%*
2025
Total
469,253
1,002,253
* Average value
Number of outstanding issued warrants
Holdings
2021-01-01
change 97,135 137,255 187,068 47,795 469,253
2021-12-31
change 100,000 27,544 74,177 331,279 533,000
2022-12-31
Cecilia Beck-Friis, CEO Other senior executives
- - - -
97,135 137,255 187,068 47,795 469,253
197,135 164,799 261,245 379,074
Other employees and prior employees
Treasury holdings
Total
-
1,002,253
Note G9 Financial income and costs
Note G10 Exchange rate differences, net Exchange rate differences have been reported in the statement of comprehensive income as follows: 2022 2021 Other operating income (Note G4) 0.1 0.2 Other operating costs (Note G5) -0.2 -0.7 Financial items, net (Note G9) 0.1 0.1 Total -0.0 -0.4
2022
2021
Interest bearing securities valued at fair value Interest bearing securities Total revenue at fair value Other Foreign exchange gains, net
-
0.2 0.2
P1 P2 P3 P4 P5 P6 P7 P8 P9
-
0.1 0.5 0.6 0.6
0.1
Other
-
Total other
0.1 0.3
Financial income, total
Liabilities valued at amortised cost Interest expenses to credit institutions
-7.3 -0.0
-25.7
Other interest expenses
-0.3
Interest expense deferred consideration Total interest costs according to the effective interest method Other Foreign exchange losses, net Interest expenses, leasing liabilities
-
-
-7.3
-26.0
-
-
-0.1 -0.1 -7.4
-0.1 -0.1
Total other
Financial costs, total
-26.1
Financial items, net
-6.8
-25.8
Financial statements
Hemnet Group | Annual and sustainability report 2022 · 57
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