Page 80 - Bouvet årsrapport ENG 2010 ePub

Bouvet annual report 2010 80

Dividend

Te company has paid the following dividends:

NOK 1 000 2010 2009

Ordinary dividend for 2009: NOK 3,75 per share 38 113 Extraordinary dividend, agreed Jan 5th 2010: NOK 2,50 per share 25 409

Ordinary dividend for 2008: NOK 4 per share 40 295 Total 63 522 40 295

Proposed dividend to be approved at the annual general meeting amounts to NOK 4,10 per share.

Note 15: Share scheme for employees

Share scheme

Bouvet ASA has a share scheme including all employees not under notice and who have, at the latest, started work on the frst day of the month when the ofer is made. Te ofer does not include employees paid by the hour. Te scheme consists of annual ofers where each employee can subscribe for shares once per calendar year. Te share scheme is approved for one year at a time.

Te share scheme gives the employee the opportunity to subscribe for shares at a value of NOK 7 500 per year against a deduction in salary of NOK 6 000, of which Bouvet is subsidising the employee with NOK 1 500. Bouvet will give a corresponding number of shares free of charge if the employee keeps the shares for two years and is still employed.

In 2010 a total of 58 179 shares were sold at a rate of NOK 58,00 minus a 20 percent discount. 451 employees have joined the scheme, and 129 shares per employee were distributed. Te previous year 59 006 shares were sold at a rate of NOK 46,00 minus a 20 percent discount.

From 2010 an additional share scheme for the management have been established. Te share sheme consist of annual ofers where each member can subscribe for shares one time each calendar year. Te share scheme is approved for one year at a time.

Te share scheme gives members of the management the opportunity to subscribe for shares at a value of NOK 22 500 per year at market value without any subsidising from Bouvet. Bouvet will give a corresponding number of shares free of charge if the manager keeps the shares for two years and is still employed.

In 2010 a total of 22 188 shares were sold at a rate of NOK 58,00. A total of 58 employees have joined the scheme.

Te share scheme is treated in accordance with IFRS 2. Te fair value of the scheme is calculated at the grant date and expensed over the vesting period of 2 years. TNOK 2 058 in compensation costs have been charged in 2010 (in 2009 TNOK 1 491). Remaining estimated compensation costs at 31 December 2010 for the years 2011 and 2012 are TNOK 4 442.