Key staff in Byggmax subscribe warrants.
Key staff in Byggmax subscribe for 565 000 warrants in the newly launched incentive program, and sell 47 000 shares to finance the investment.
In the Annual General Meeting it was decided put an incentive program in place at Byggmax. According to the proposal, a group of key personnel, approximately 20 people, would be given the possibility to acquire up to 600 000 warrants at market price.
During the weekend the personnel in the program subscribed for warrants, and in total 565 000 out of the 600 000 warrants were subscribed. In conjunction with that, some people have sold shares, in total 47 000 shares, to be able to finance the investment.
For further information, please contact:
Magnus Agervald, CEO Byggmax
Mobile: +46 761-19 00 20, E-mail:
Pernilla Walfridsson, CFO Byggmax
Mobile: +46 761-19 00 40, E-mail:
pernilla.walfridsson@byggmax.se
The home improvement discounter chain BYGGmax was launched in 1993 and its business concept is to be the best and most inexpensive alternative for consumers in need of high-quality construction materials. In 2007, BYGGmax launched its business in Norway, and the first store in Finland was opened in 2008. Today BYGGmax has 54 stores in Sweden, 16 in Norway and 7 in Finland. The company’s sales amounted to approximately SEK 2.8 billion in 2010. BYGGmax has been listed on NASDAQ OMX Stockholm since June 2010. For more information, please visit www.byggmax.com