Expansion of Cardo's options program for new executives
Expansion of Cardo's options program for new executives In September 1998, 44 leading officers at Cardo subscribed for a total of 405,000 call options in Cardo AB. The issuer was L E Lundbergföretagen AB, which has now granted a further 66,000 options on market terms to 8 leading officers who recently took up their posts. Cardo's board of directors has today approved the expansion of the options program. Between 2,000 and 20,000 options per person have been allotted. As under the previous program, each option carries the right to acquire one share in Cardo AB at the exercise price of SEK