Upload
others
View
2
Download
0
Embed Size (px)
Citation preview
Winds of Change: Global Share Purchase Plans
Alexander Johnson, Senior Director Total Rewards, AdidasElena Petrou, Share Schemes Manager, Aviva
Richard Rowlands, Client Relationship Manager, Barclays
About Aviva• Leading global insurance and financial services group• In operation for 300+ years, now operates in 26 countries• Over 33 million customers globally• Over 37,000 employees globally• UK and Irish employee tax-advantaged plans for 30 years
Feeding objectives into designDesign feature Objective
Buy 1 get 2 free Very attractive match, very generous, rewards and reduces risk to employees
Save for a year A commitment to the company, but not too long
Match after 3 years Skin in the game longer, aligns interests
Min £5 a month Accessible to lower paid
Max £40 a month Attractive to lower paid but not seeking larger contributions to keep costs down
Nominee (brokerage) for post-vesting holding
Enables share retention
Participating Companiesdetermined by board
Captures key markets in first launch and can roll-out to other entities e.g. JVs in phase 2
The adidas group at a glanceGROUP SALES1) € 19.3 BN
NET INCOMEATTRIBUTABLE TO SHAREHOLDERS1)2)3)
€ 1.0 BN
EMPLOYEESWORLDWIDE MORE THAN 60,000
SUBSIDIARIES APPROXIMATELY 170
IMPORTANTLOCATIONS
HERZOGENAURACH,AMSTERDAM, PORTLAND, CARLSBAD, HONG KONG, SHANGHAI
1) Based on 2016 full year results.2) Figures include continuing and discontinued operations.3) Excluding goodwill impairment of € 34 million.
Please note that only the annual report contains binding figures.
adidas Stock Purchase Plan characteristics at a glance:
Plan design
Attractiveness& simplicity
Sustainability& equity culture
Innovation& competitiveness
1 2 3
Modular add-on incentive
Holding incentive
Purchase incentive
adidas AG share
adidas AG share
Holding incentive
Purchase incentive
adidas AG share
adidas AG share
Purchase incentive
adidas AG share
adidas AG share Holdingperiod
• Immediate incentives• Small investments through fractional shares• Savings plan with periodic investments
Additionalperks
Thank YouAlexander Johnson
Elena PetrouAviva
Richard RowlandsBarclays