Stock option redemption in Opus Group AB

Opus Group AB has completed the redemption of the stock option program 2013:1. A total of 1,606,287 new shares were subscribed. 411,320 new shares were subscribed through exercise and the rest through a procedure where Opus Group repurchased stock options from the employees and where the proceeds were used to subscribe for new shares. Total number of outstanding shares after the stock option redemption amounts to 290,318,246.

Opus Group AB received approximately SEK 850 thousand net in connection with the redemption of the stock option program adjusted for costs related to repurchase of stock options. The recalculated exercise price amounted to SEK 5.66 per share. The dilution effect was 0.55 percent compared to 2.00 percent if all the stock options had been fully exercised. The procedure of the repurchase of the stock options thereby resulted in less dilution for Opus Group’s shareholders. The stock options that were repurchased by the company and those that were not exercised have expired and will not result in any dilution.  

“It is encouraging that such a large portion of our staff have participated in our stock option program and become shareholders in Opus Group. Our employees have thereby participated in Opus’ value growth during the period and can now also be part of our future growth journey. I am proud of our employees who have worked hard in recent years to take our company to where we are today”, says Magnus Greko, CEO and President of Opus Group.  

Mölndal, March 20, 2017
Opus Group AB (publ)

   

For additional information, please contact
Magnus Greko
President and CEO
Phone: 46 31 748 34 00
E-mail: magnus.greko@opus.se

Peter Stenström
Investor Relations
Phone: 46 765 25 84 93
E-mail: peter.stenstrom@opus.se

Opus Group is a leading innovative technology focused growth company in the vehicle inspection market. The company has a strong focus on customer service and innovative technology within IT, emission testing and vehicle communication. The Group had SEK 1,697 million in revenues in 2016 with strong operating cash flow and good operating profitability. With over 1,600 employees, Opus Group is headquartered in Mölndal in the Gothenburg region of Sweden and has 25 regional offices, 20 in the United States and the others in Stockholm, Peru, Chile, Mexico and Pakistan. Opus Group has production facilities in the U.S. in Hartford and Ann Arbor. The Opus Group share is listed on Nasdaq Stockholm.

About Us

Opus is a technology driven growth company in the vehicle inspection and vehicle services markets. The company has a strong focus on customer service and innovative technology within emission and safety testing and vehicle services. Opus’ plan is to double its revenues to reach USD 400 million in revenues and USD 100 million in EBITDA by 2021. The main growth is estimated to come from the expansion of the vehicle communication and services business and the international expansion of the vehicle inspection business with a primary focus on the Latin American and Asian markets. Opus is headquartered in Gothenburg, Sweden. Opus has 30 regional offices of which 20 are located in the United States and the others in Stockholm, Peru, Chile, Argentina, Australia, Germany (dormant), Mexico and Pakistan. Opus has production facilities in the U.S. in Hartford, Ann Arbor and Tucson. The Opus share is listed on Nasdaq Stockholm.

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