Lagercrantz’ share based incentive programme fully subscribed
The incentive programme resolved by the 2015 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 40 managers in the Group acquire options under the 2015 programme.
The call options are transferred at a price of SEK 13.70 per call option, equivalent to the market value according to a valuation performed by Nordea Bank AB (publ). The exercise price amounts to SEK 236.30 (which is equivalent to 120 percent of the average market price during the measuring period 31 August – 11 September 2015). The exercise period is at three occasions up until 28 September 2018, inclusive.
In connection with the Lagercrantz share split, with the terms of 3:1 and the record date of October 6, 2015, the new and outstanding previous programmes are converted as follows:
- 2013/16 programme: number of options increased to 675 000 in total, with an exercise price of 125.40/3 = 41.80 SEK, last day of exercise is 30 September 2016
- 2014/17 programme: number of options increased to 675 000 in total, with an exercise price of 161.80/3 = 53.90 SEK, last day of exercise is 29 September 2017
- 2015/18 programme: number of options increased to 675 000 in total, with an exercise price of 236.30/3 = 78.80 SEK, last day of exercise is 28 September 2018
Stockholm, 7 October 2015
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 2015 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 some 40 companies, each with a focus on a specific sub-market – a niche. A high value-creation is common to all the companies, including a high degree of customization, support, service and other services.
Lagercrantz is active in seven countries in Northern Europe, in China and in the USA. The Group has approximately 1,200 employees and annual revenue of approximately MSEK 3,000. The Company is listed on Nasdaq Stockholm since 2001.