Lagercrantz’ call option programme fully subscribed
The Annual General Meeting 2023 decided on a call option programme on repurchased class B shares, for Lagercrantz’ managers and senior executives. The call option programme of 800,000 call options has been fully subscribed by some 85 senior executives.
The call options are transferred at a price of SEK 13.30 per call option, equivalent to the market value according to an external independent valuation, applying the Black & Scholes model. The exercise price amounts to SEK 143.10 (which is equivalent to 125 percent of the average market price during the measuring period 5 September - 15 September 2023). The exercise period is at two occasions up until 29 May 2027, inclusive.
Stockholm, 6 October 2023
Lagercrantz Group AB (publ)
This disclosure contains information that Lagercrantz Group 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 6 October 2023 at 10:45 CET.
For additional information, contact:
Jörgen Wigh, President & CEO, Lagercrantz Group AB, tel +46 8 700 66 70,
Peter Thysell, Chief Financial Officer, Lagercrantz Group, tel +46 70 661 0559,
or the company website at: http://www.lagercrantz.com
LAGERCRANTZ GROUP IN BRIEF
Lagercrantz Group is a Tech Group that offers world-leading, value-creating technology, using either proprietary products or products from leading suppliers. The Group consists of some 70 companies, each with a focus on a specific sub-market – a niche. High value-creation is common to all the companies, including a high degree of customisation, support, service and other services.
Lagercrantz Group is active in nine countries in Northern Europe as well as in China, India and in the USA. The Group has approximately 2,600 employees and annual revenues of about MSEK 7,700. The Company is listed on Nasdaq Stockholm since 2001.
Tags: