Lagercrantz’ share based incentive programme
The incentive programme resolved by the 2020 Annual General Meeting for managers and members of senior management in Lagercrantz Group on call options to purchase class B shares held in treasury were acquired by 63 managers in the Group. The programme was fully subscribed (400,000 options).
The call options are transferred at a price of SEK 17.00 per call option, equivalent to the market value according to a valuation performed by Nordea Bank AB (publ). The exercise price amounts to SEK 234.50 (which is equivalent to 125 percent of the average market price during the measuring period 30 August - 11 September 2020). The exercise period is at two occasions up until 30 May 2024, inclusive.
Stockholm, 2 October 2020
Lagercrantz Group AB (publ)
For additional information, contact:
Jörgen Wigh, President & CEO, Lagercrantz Group AB, tel +46 8 700 66 70,
Kristina Elfström Mackintosh, Chief Financial Officer, Lagercrantz Group, tel +46 8 700 66 70,
or the company website at: http://www.lagercrantz.com
This information was made public pursuant to the EU Market Abuse Regulation and was submitted for publication on 2 October 2020 at 10:45 am.
LAGERCRANTZ GROUP IN BRIEF
Lagercrantz Group is a technology group that offers world-leading, value-creating technology, using either proprietary products or products from leading suppliers. The Group is comprised of almost 50 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, in China, India and in the USA. The Group has approximately 1,500 employees and annual revenue of almost MSEK 4,000. The Company is listed on Nasdaq Stockholm since 2001. www.lagercrantz.com