Green Landscaping Groups employees subscribe for shares within LTIP 2019/2022
31 May 2022 – 12:00 CEST
Green Landscaping Group AB (publ) (the “Company”) hereby announces that a group of employees have subscribed for shares through the exercise of warrants in the Company's Long Term Incentive Program 2019/2022. To partially finance the subscription of shares, a group of participants in the program sold a total of 333,759 shares in the Company.
A group of participants in the Company's incentive program 2019/2022, including Carl-Fredrik Meijer (CFO), Jakob Körner (M&A) and Pierre Kubalski (Business Development), have sold a total of 333,759 shares, corresponding to approximately SEK 23.5 million to one and the same buyer. All named sellers will increase their total holdings after the transaction.
The sale of shares was carried out to partially cover personal tax effects as well as the subscription proceeds and the costs that result from the exercise of the warrants under the incentive program. The company does not receive any payment from the sale of shares. Following the sale of shares, 418,065 warrants remain unused in the 2019/2022 program. Outstanding warrants can be exercised until 7 June 2022 and entitle the holders to receive 447,330 shares in the Company upon exercise.
If all shares within the framework of the warrant program 2019/2022 are subscribed for, the Company will receive approximately SEK 30 million in gross payment.
This disclosure contains information that Green Landscaping is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 31-05-2022 12:05 CET.
För more information
Carl-Fredrik Meijer, CFO & IR, Green Landscaping Group AB
+46 70 108 70 19, carl-fredrik.meijer@glgroup.se
Green Landscaping Group AB (publ) works with outdoor environments and infrastructure. Through subsidiaries, we offer the most comprehensive service portfolio on the market, aimed at making outdoor environments more sustainable and safe. Our business concept is to enhance the customer's outdoor environment by offering services focused on high customer value, long-term sustainability, and quality. The Company has approximately 1,600 employees and sales amount to approximately SEK 3.2 billion. The Company's shares are listed on Nasdaq Stockholm with the ticker GREEN. For more information visit www.glgroup.se.