Lagercrantz’ share based incentive programme fully subscribed
The incentive programme resolved by the 2018 Annual General Meeting for managers and members of senior management in Lagercrantz Group on call options to purchase class B shares held in treasury was fully subscribed. Approximately 50 managers in the Group acquired 500 000 options.
The call options are transferred at a price of SEK 7.10 per call option, equivalent to the market value according to a valuation performed by Nordea Bank AB (publ). The exercise price amounts to SEK 105.20 (which is equivalent to 120 percent of the average market price during the measuring period 1 October - 12 October 2018). The exercise period is at three occasions up until 19 November 2021, inclusive.
Stockholm, 5 November 2018
Lagercrantz Group AB (publ)
For additional information, contact:
Jörgen Wigh, President & CEO, Lagercrantz Group AB, tel +46 8 700 66 70,
Thomas Alkbrant, Chief Financial Officer, Lagercrantz Group, tel +46 8 700 66 73,
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 5 November 2018 at 14:00 pm.
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 1,400 employees and annual revenue of about MSEK 3,600. The Company is listed on Nasdaq Stockholm since 2001.