The Board of Directors of Addtech AB has decided to extend the periods during which redemption of personnel options may occur.

 

The current personnel programme was originally initiated in 2001. The programme originally included 700,000 personnel options enabling their holders to redeem 700,000 class B shares. Thus far 365,500 personnel options have been exercised, which means that 334,500 options remain to be exercised. The undertaking vis à vis holders of personnel options is secured by 334,500 shares of the holding of repurchased shares held in treasury, which were acquired during 2001 at an average price of SEK 34.80, as compared with the redemption price of SEK 44.80.

 

Remaining redemption periods are December 2008, June and December 2009, and 1­­-18 February 2010. Since these periods will partially coincide with periods during which Addtech AB is unable to deliver shares due to suspension of trading in the share in connection with interim financial reports, the Board of Directors has decided to extend the remaining redemption periods to include the period from 10 February 2009 until 18 February 2010, inclusive, in addition to December 2008.

 

  

Stockholm, 1 December 2008

 

Addtech AB (publ)

 

For additional information, contact:
Johan Sjö, President & CEO, +46 8 470 49 00