Gunnebo’s extraordinary general meeting held on 24 October 2007 decided on an Incentive Programme for senior executives and a Board Programme
The extraordinary general meeting was proposed to resolve upon the introduction of a new global incentive programme for employees, a directed issue of new shares to employees and a directed issue of warrants to employees, as well as approval of transfers of warrants etc. – Incentive Programme 2007.
The meeting approved the Board’s proposal to introduce a four-year incentive programme encompassing approximately 120 senior executives and key personnel within the Gunnebo Group in Sweden and abroad. The programme will entail directed issues of at most 198,000 shares and 792,000 warrants, each warrant giving the holder a right to acquire one share in Gunnebo. Participation in the programme requires an investment in Gunnebo shares at the participating employee’s own cost (“Saving shares”).
The extraordinary general meeting was also proposed to resolve upon the introduction of a new incentive scheme for Board members in Gunnebo AB, a directed issue of new shares to Board members and a directed issue of warrants to Board members, as well as approval of transfers of warrants etc. – Board Programme 2007.
The meeting approved Stena Adactum AB’s and Vätterledens Invest AB’s proposal to introduce an incentive scheme encompassing a maximum of 11 members of Gunnebo’s Board of Directors. The programme will entail directed issues of at most 44,000 shares and 176,000 warrants, each giving the holder a right to acquire one share in Gunnebo. Participation in the programme requires an investment in Gunnebo shares at the participating Board member’s own cost (“Saving shares”).
All shares and warrants allotted under the programmes will be acquired at market price. Each warrant will, during certain exercise windows in 2011, entitle the holder to subscribe for one Gunnebo share at a subscription price corresponding to 110% of the average price paid for the company’s shares on the OMX Nordic Exchange Stockholm during the period 25 October to 31 October 2007 inclusive.
The meeting’s complete resolutions on the introduction of Incentive Programme 2007 and Board Programme 2007 are published on the company’s website at www.gunnebo.com
GUNNEBO AB (publ)
Group Communications
For further information, please contact:
Martin Svalstedt, Board member Gunnebo AB, tel. +46 (0)31-774 35 70,
Göran Gezelius, President and CEO Gunnebo AB, tel. +46 (0)31-83 68 00,
Janerik Dimming, SVP Group Communications Gunnebo AB, tel. +46 (0)31 83 68 03, mobile: +46 (0)705 83 68 03, e-mail: janerik.dimming@gunnebo.com
www.gunnebo.com
[The information is such that Gunnebo may be obliged to make it public in accordance with the Swedish Securities and Clearing Operations Act and/or the Swedish Financial Instruments Trading Act. The information was submitted for publication on 24 September 2007.]