Share-based incentive scheme - Amendment
The original press release stated that each call option entitles the holder to acquire one class B share during the period from 4 September 2023 to 5 June 2024, inclusive. The amendment refers to the fact that each call option entitles the holder to acquire four class B shares during the period from 4 September 2023 to 5 June 2024, inclusive.
The share-based incentive scheme resolved by the 2020 Annual General Meeting, comprising about 25 members of management and a maximum of 250,000 call options on repurchased class B shares, has been fully subscribed.
The call options are transferred at a price of SEK 43.40 per call option, equivalent to the market value according to an external independent valuation, applying the Black & Scholes model. The redemption price of the call options amounts to SEK 538.10, equivalent to 120 percent of the volume-weighted average of market prices for the shares during the period from 31 August to 11 September 2020, inclusive. Each call option entitles the holder to acquire four class B share during the period from 4 September 2023 to 5 June 2024, inclusive.
Stockholm, September 25, 2020
Addtech AB (publ)
For further information, please contact
Niklas Stenberg, CEO, +46 8 470 49 00
Malin Enarson, CFO, +46 705 979 473
Addtech is a technology trading group that provides technological and economic value added in the link between manufacturers and customers. Addtech operates in selected niches in the market for advanced technology products and solutions. Its customers primarily operate in the manufacturing industry and infrastructure. Addtech has about 3 000 employees in around 130 subsidiaries that operate under their own brands. The Group has annual sales of about SEK 11 billion. Addtech is listed on Nasdaq Stockholm.
This information is information that Addtech AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at September 25, 2020 at 10:55 a.m. (CET).
Tags: