Edwards Sharesave 2012
About Edwards
•
Edwards is a leading manufacturer in vacuum technology and
abatement, including semiconductors, flat panel displays, LEDs and
solar cells.
•
3,300 full time employees based in 18 countries
•
We are a Cayman Islands incorporated company listed on the
NASDAQ
•
HQ based in Crawley, UK
2
The content of this presentation is confidential and should not be distributed to a third party without prior authorization from
Edwards. © Edwards Limited 2012
About the Scheme and why we launched
•
CEO was very keen to introduce an International Sharesave Scheme
as soon as possible following the IPO
•
The Sharesave Scheme rules were drafted as part of the IPO process
•
At IPO, Board approval was given for the 2012 launch to be fast
tracked
•
Equiniti were asked for a proposal to operate the International Share
Scheme as the Administrator and launch in 17 countries within 8
weeks
•
The plan was launched in all countries regardless of employee
numbers
3
The content of this presentation is confidential and should not be distributed to a third party without prior authorization from
Edwards. © Edwards Limited 2012
Share Plan Strategy
•
Our main objective was to encourage widespread share ownership
as a base for future employee engagement
•
All employees were invited to join who were employed at the date of
1st August 2012
•
Attract and retain the best people
•
Strengthen corporate identity
•
Focus on including the Asian countries
4
The content of this presentation is confidential and should not be distributed to a third party without prior authorization from
Edwards. © Edwards Limited 2012
Project Team
•
Equiniti were appointed as Share Plans Administrator
•
Weil, Gotshal & Manges were our external legal advisers
•
Edwards team included HR, Company Secretariat, Tax & Treasury
and Communications
•
Local Sharesave Coordinators were appointed in each market
5
The content of this presentation is confidential and should not be distributed to a third party without prior authorization from
Edwards. © Edwards Limited 2012
Communications Look and Feel
•
A theme for the launch was agreed to reflect the success of the
opening trading day on the NASDAQ Stock Market, using the CEO as
a familiar face across the globe
•
Due diligence undertaken in each country to ensure global
compliance
•
Translated all documents into 9 different languages to ensure a good
understanding of the Scheme
•
Global branded online Portal for all countries
6
The content of this presentation is confidential and should not be distributed to a third party without prior authorization from
Edwards. © Edwards Limited 2012
Documents
•
Teaser campaign posters were distributed and displayed
•
CEO invitation letter distributed to all employees
•
4 scheme brochures translated into 9 different languages
•
Country specific tax guidance notes
•
Scheme Terms and Conditions
•
FAQ’s which was an evolving document based on queries received
7
The content of this presentation is confidential and should not be distributed to a third party without prior authorization from
Edwards. © Edwards Limited 2012
Delivery
•
Invitation letters were mailed out or sent by a mail merge to local
coordinators for distribution, dependant on their choice.
•
Edwards branded online Portal
•
Strong partnership between central team at Edwards in the UK and
local coordinators
•
Regular weekly calls between Edwards central team and market
coordinators and Equiniti
•
Local coordinators held employee briefings to increase awareness
and understanding amongst employees.
8
The content of this presentation is confidential and should not be distributed to a third party without prior authorization from
Edwards. © Edwards Limited 2012
Website
•
The Edwards online Portal contained all the Scheme information
•
This included all the invitation documents, tax guidance notes, and
details of the coordinators
•
The Portal was accessible to all employees via the Edwards intranet
and the Internet
•
Email address which came through directly to Edwards project team
9
The content of this presentation is confidential and should not be distributed to a third party without prior authorization from
Edwards. © Edwards Limited 2012
Example of Website
10
The content of this presentation is confidential and should not be distributed to a third party without prior authorization from
Edwards. © Edwards Limited 2012
Stats/Take-up
•
Total take-up of 48% across the whole International Scheme
•
Take-up of 61% in the UK and 43% overseas
•
The take-up was so good that it substantially exceeded the number
of shares available
•
All applications were honoured up to the local equivalent of £200 per
month
11
The content of this presentation is confidential and should not be distributed to a third party without prior authorization from
Edwards. © Edwards Limited 2012
Summary
•
We feel we have achieved our aims of encouraging share ownership
due to the level of take up
•
Strong internal and external relationships
•
High level of understanding of the plan mechanics within the
employee population due to documentation being provided in local
language
12
The content of this presentation is confidential and should not be distributed to a third party without prior authorization from
Edwards. © Edwards Limited 2012
Next Steps for 2013
•
Shareholder approval of more shares to launch future invitations
•
Gathering feedback from countries with a lower take-up to identify
why employees in some countries did not apply
•
Surveying the local Sharesave Coordinators
•
Starting off the 2013 launch planning process very early
•
2013 Launch
13
The content of this presentation is confidential and should not be distributed to a third party without prior authorization from
Edwards. © Edwards Limited 2012
Any Questions?
14
The content of this presentation is confidential and should not be distributed to a third party without prior authorization from
Edwards. © Edwards Limited 2012
Descargar

Slide 1