Exercise of employee stock options
Share capital increase as a result of employee stock option exercise pursuant to Acando's Employee Stock Option Program 2006/2009.
Acando's Employee Stock Option Program 2006/2009, which was approved by the Annual General Meeting in 2006 and provides approx 40 Group employees in senior positions with an opportunity to acquire new B-shares at a strike price of SEK 6.00 per share, has now been finalized through the exercise of the remaining employee stock options.
As a consequence of the exercise of allocated employee stock options, the share capital of Acando has during June 2010 increased from SEK 99,456,376 to SEK 99,555,326, corresponding to 79,160 new shares, with the same number of votes. The share capital increase with a total of SEK 98,950, which corresponds to the share subscription, has been registered by Bolagsverket (the Swedish Companies Registration Office) on June 8, 2010. The total number of shares in the company amounts herewith to 79,644,260, of which 76,004,270 of series B and 3,639,990 of series A. The number of voting rights in the company amounts to 109,433,039 after the share subscription.
Acando has in total repurchased 2,971,131 class B shares of the total number of shares in the company.
Information on the Employee Stock Option Program 2006/2009 is available in Acando's Annual Report 2009 on page 50, note 9.
Further information is available from:
Carl-Magnus Månsson, CEO, Acando, +46 8 699 7000.
Lotta Jarleryd, CFO, Acando, +46 8 699 7414.
Acando
Acando is a consultancy company that in partnership with its clients identifies and implements sustainable business improvements through information enabled by technology. Acando provides a balance of high business value, short project times and low total cost. Acando’s annual turnover exceeds EUR 135 million and the Group employs approximately 1,100 professionals in six European countries. Acando is listed at NASDAQ OMX Nordic. Acando’s corporate culture is based on three core values: Team spirit, Passion and Results.