Lagercrantz’ share based incentive programme fully subscribed
The incentive programme resolved by the 2014 Annual General Meeting for managers and members of senior management in Lagercrantz Group for up to 225,000 call options to purchase class B shares held in treasury was fully subscribed. A total of 35 managers in the Group will acquire options under the 2014 programme.
The call options will be transferred at a price of SEK 8.80 per call option, equivalent to the market value according to a valuation performed by Nordea Bank AB (publ). The exercise price amounts to SEK 161.80 (which is equivalent to 120 percent of the average market price during the measuring period 1 – 12 September 2014). The exercise period is at three occasions up until 29 September 2014, inclusive.
Stockholm, 7 October 2014
Lagercrantz Group AB (publ)
For further information, contact:
Bengt Lejdström, CFO, Lagercrantz Group AB, tel +46 8 700 66 70,
or the company website at: www.lagercrantz.com
This information is disclosed in accordance with the Securities Markets Act, the Financial Instruments Trading Act or according to the agreement with Nasdaq Stockholm Exchange. The information was submitted for publication on 7 October 2014 at 12:00 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 more than 30 companies, each with a focus on a specific sub-market – a niche. A high value-creation is common to all the subsidiaries, including a high degree of customisation, support, service and other services.
Lagercrantz Group is active in seven countries in Northern Europe, and in China. The Group has approximately 1000 employees and annual revenue of approximately MSEK 2,500. The Company is listed on Nasdaq Stockholm since 2001.