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Press Release19 February 2014Siemens AGMunich
Siemens grants employees free shares worth €41 million
"Extensive employee ownership has many advantages. It not only strengthens motivation and promotes each individual's sense of responsibility; it can also provide employees with solid and value-creating retirement benefits, if lawmakers provide the necessary framework," said Siemens President and CEO Joe Kaeser.
The company's Share Matching Plan allows Siemens employees to invest in Siemens shares and thus participate directly in the company's development. For every three shares that employees purchase, they receive from Siemens an additional matching share free of charge at the end a three-year vesting period.
Around 75,000 employees in over 60 countries received shares under the programs in February 2014. The number of Siemens employees who are shareholders of the company today totals about 140,000 – a 50 percent increase over 2009. Present and former employees now own some five percent of Siemens AG, which makes them one of the largest shareholder groups.
Further information on the Siemens share and share culture is available at www.siemens.com/annual/13/en/financial-report/share
For this press release
Siemens AG (Berlin and Munich) is a global powerhouse in electronics and electrical engineering, operating in the fields of industry, energy and healthcare as well as providing infrastructure solutions, primarily for cities and metropolitan areas. For over 165 years, Siemens has stood for technological excellence, innovation, quality, reliability and internationality. The company is one of the world's largest providers of environmental technologies. Around 43 percent of its total revenue stems from green products and solutions. In fiscal 2013, which ended on September 30, 2013, revenue from continuing operations totaled €75.9 billion and income from continuing operations €4.2 billion. At the end of September 2013, Siemens had around 362,000 employees worldwide on the basis of continuing operations. Further information is available on the Internet at: http://www.siemens.com.
Contact
Alexander Becker
Siemens AG
Wittelsbacherplatz 2
80333 Munich
Germany
80333 Munich
Germany
+49 (89) 636-36558