Lagercrantz’ share based incentive programme fully subscribed and converting class A shares

The incentive programme resolved by the 2012 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 30 managers in the Group will acquire options under the 2012 programme.

The call options will be transferred at a price of SEK 4.00 per call option, equivalent to the market value according to a valuation performed by Nordea Bank AB (publ). The exercise price amounts to SEK 70.30 (which is equivalent to 120 percent of the average market price during the measuring period 3 – 14 September 2012). The exercise period is at three occasions up until 2 October 2015, inclusive.

Converting class A shares

During the month of September the number of shares in Lagercrantz Group AB has changed due to shareholders request for conversion of 1,344 class A shares to corresponding number of class B shares.

After the conversion the total number of class A shares is 1,093,310 and class B shares 22 079 999. The number of shares and the number of votes in Lagercrantz Group AB are shown in the table below:

 Number of
class A shares
 Number of
class B shares
 Number of votes Number of shares
Before conversion 1 094 654
22 078 655 33 025 195 23 173 309
After conversion  1 093 310 22 079 999
33 013 099 23 173 309


Stockholm, 28 September 2012

Lagercrantz Group AB (publ)

For further information, contact:
Bengt Lejdström, CFO, Lagercrantz Group AB, tel +46 8 700 66 70.

This information is disclosed in accordance with the Securities Markets Act, the Financial Instruments Trading Act or according to the agreement with NASDAQ OMX Stockholm Exchange. The information was submitted for publication on 2012-09-28 at 08:00.

   Lagercrantz is a technology group in the areas of electronics, electricity, communication and related fields. The Group’s companies deliver all its specialised products and solutions to other companies (B2B) and several of the companies are world-leaders in their respective niches. Lagercrantz is active in eight countries in Northern Europe and in China. The Group has about 800 employees and revenue of approximately MSEK 2,300. The Company’s shares are listed on NASDAQ OMX Stockholm since 2001.
   The business is organised in four divisions. Division Electronics offers special products in embedded electronics, industrial wireless communication, RFID and lighting control. Division Mechatronics offers electric connections systems, electric installation materials, electric and electro-mechanical components and cabling. Division Communications offers products, systems, services and support in network access, digital image transmission/technical security, and software. Division Niche Products is the Group’s new division from April 2012. Here a number of interesting market positions will be built up primarily by acquiring profitable companies in interesting niches and with a large element of proprietary products.