Share option plan - exercise price for share options granted for 2009
Company Announcement No. 218, 2010 H+H International A/S Dampfærgevej 27-29, 4th Floor 2100 Copenhagen Ø Denmark Telephone: +45 35 27 02 00 www.HplusH.com 26 March 2010 Share option plan - exercise price for share options granted for 2009. In accordance with the share option plan of May 2007, a total of 6,044 share options have been granted for 2009 distributed on the Executive Board, three senior executives and one former employee of the H+H Group. Each share option entitles the holder to buy one share of nominally DKK 50. The exercise price is calculated as the average price of the shares for ten business days after the publication of H+H International A/S's annual report for 2009 plus 20%. The share option plan is described more explicitly in Company Announcement no. 155 of 24 May 2007 and in the annual report for 2009, cf. Company Announcement no. 215 of 11 March 2010. Ten business days have now passed since the publication on 11 March 2010 of the annual report for 2009 and the average price for the period has been calculated at DKK 65.50, which after addition of 20% gives an exercise price of DKK 78.50 for each of the 6,044 share options granted for 2009. We draw your attention to the fact that the share options granted are expected to be adjusted in consequence of the Company's changed capital structure. In this connection reference is made to the Board of Directors' proposal at the Annual General Meeting on 8 April 2010 concerning overall guidelines for incentive pay to the Executive Board. The adjustment will be based on a calculation by the Company's auditors based on the Black-Scholes model. The proposal in full is included in the notice of the Annual General Meeting, item 8.2 and appendix A, cf. Company Announcement no. 217 of 18 March 2010. Anders C. Karlsson Chairman of the Supervisory Board Hans Gormsen CEO For additional information please contact: CEO Hans Gormsen or CFO Niels Eldrup Meidahl on telephone +45 35 27 02 00 This is a translation of the company's announcement in Danish. In case of inconsistency between the Danish text and this English translation, the Danish text shall prevail.