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Edwards Sharesave 2012
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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 The content of this presentation is confidential and should not be distributed to a third party without prior authorization from Edwards. © Edwards Limited 2013 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
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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 The content of this presentation is confidential and should not be distributed to a third party without prior authorization from Edwards. © Edwards Limited 2013 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
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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 The content of this presentation is confidential and should not be distributed to a third party without prior authorization from Edwards. © Edwards Limited 2013 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 1 st August 2012 Attract and retain the best people Strengthen corporate identity Focus on including the Asian countries
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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 The content of this presentation is confidential and should not be distributed to a third party without prior authorization from Edwards. © Edwards Limited 2013 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
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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 The content of this presentation is confidential and should not be distributed to a third party without prior authorization from Edwards. © Edwards Limited 2013 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
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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 The content of this presentation is confidential and should not be distributed to a third party without prior authorization from Edwards. © Edwards Limited 2013 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
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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 The content of this presentation is confidential and should not be distributed to a third party without prior authorization from Edwards. © Edwards Limited 2013 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.
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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 The content of this presentation is confidential and should not be distributed to a third party without prior authorization from Edwards. © Edwards Limited 2013 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
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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 The content of this presentation is confidential and should not be distributed to a third party without prior authorization from Edwards. © Edwards Limited 2013 Example of Website
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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 The content of this presentation is confidential and should not be distributed to a third party without prior authorization from Edwards. © Edwards Limited 2013 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
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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 The content of this presentation is confidential and should not be distributed to a third party without prior authorization from Edwards. © Edwards Limited 2013 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
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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 The content of this presentation is confidential and should not be distributed to a third party without prior authorization from Edwards. © Edwards Limited 2013 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
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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 The content of this presentation is confidential and should not be distributed to a third party without prior authorization from Edwards. © Edwards Limited 2013 Any Questions?
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