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Long-term incentive programme

Long-term incentive programme

Axfood has long-term share-based incentive programmes (LTIP) that run over approximately a three-year period.

In 2021, the AGM resolved to adopt a new long-term share-based incentive programme, LITP 2021, and allotment took place under LTIP 2018 using treasury shares.

The programmes are offered to senior executives and other key persons in the Axfood Group. 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 members of the Executive Committee and other key persons.

Participation requires that the participants buy or previously own a certain number of shares in Axfood (“savings shares”). 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 certain conditions are met.

For more information about the incentive programmes, see Axfood’s Annual and Sustainability Reports.