Lagercrantz’ issues share based incentive programme
The incentive programme resolved by the 2016 Annual General Meeting for managers and members of senior management in Lagercrantz Group for call options to purchase class B shares held in treasury has been subscribed. A total of 50 managers in the Group acquired close to 600 000 options.
The call options are transferred at a price of SEK 8.00 per call option, equivalent to the market value according to a valuation performed by Nordea Bank AB (publ). The exercise price amounts to SEK 100.10 (which is equivalent to 120 percent of the average market price during the measuring period 5 September – 16 September 2016). The exercise period is at three occasions up until 6 October 2019, inclusive.
Stockholm, 7 October 2016
Lagercrantz Group AB (publ)
For further information, contact:
Bengt Lejdström, CFO, Lagercrantz Group AB, tel +46 8 700 66 70,
or the company website at: www.lagercrantz.com
This information is disclosed according to the agreement with Nasdaq Stockholm Exchange. The information was submitted for publication on 7 October 2016 at 14:00 pm.
LAGERCRANTZ GROUP IN BRIEF
Lagercrantz Group is a technology group that offers world-leading, value-creating technology, using either proprietary products or products from leading suppliers. The group is comprised of some 40 companies, each with a focus on a specific sub-market – a niche. Strong value creation is common for all companies as well as a high degree of customisation, support and other services.
Lagercrantz Group is active in seven countries in Northern Europe, in China and in the USA. The Group has approximately 1,250 employees and annual revenue of about MSEK 3,000. The Company is listed on Nasdaq Stockholm since 2001.