Establishment in Spain
Establishment in Spain Leases have been signed for five stores in Spain; two each in Barcelona and Zaragoza that will open in the spring 2000 and one store in Valencia that is planned to open in the autumn 2000. Bonus to all personnel All personnel within the H&M Group, approximately 26,500 collaborators, will receive a millennium bonus. The bonus consists of the value of 10 H&M shares at the rate of SEK 224 (average rate during the period 2-4 November 1999) plus a possible rise of the share price up to the settling date, 29 November 2002. The offer is open to all employees per 30 November