ISSUE OF OPTIONS TO SUBSCRIBE FOR SHARES IN SCN
On January 10, 2007, the board of Scandinavian Clinical Nutrition i Sverige AB (publ) resolved to issue, subject to a general meeting’s approval, a maximum of 525,000 options to subscribe for shares in the company. The issue is constructed as an incentive program for the senior management, and the purpose is to keep and motivate competent staff members.
“For a company as SCN, especially in the expansive phase we now are in, every staff member is a key person”, says Ulf Söderberg, CEO of SCN.
“We are dependent on keeping the competence we have within the organization, but we also want to be able to give those who are taking part in the start-up of the company a possible upside, by letting them share the results they are contributing to creating.
In addition to the incentive program, the shareholder Anders Struksnes has presented a proposal to issue options to subscribe for shares also to the board members of SCN. The proposal comprises a maximum of 220,000 options, under the same terms and conditions as for the senior management.
The options can be exercised during September, 2008, and the subscription price is set to SEK 15 per share. For each option subscribed for, the subscriber will pay a premium of SEK 2.46 to the company.
More information about the incentive program and the additional proposal can be found in the convening notice to the general meeting, which takes place on January 29, 2007. The convening notice is attached to this press release in pdf format.
More information:
CEO Ulf Söderberg, ulf.soderberg@scnutrition.se, +46 708 13 22 81
Scandinavian Clinical Nutrition AB (publ) works in R&D and sales of scientifically documented products within the field of nutrition (nutraceuticals). Established in 2006, SCN maintains a product portfolio with established trademarks, such as CUUR, Membraseven and Ledactin. Core competence and strategic alliances, within both R&D and sales, in combination with innovative and scientifically documented products, create the right conditions for profitable growth both in Sweden and on the company’s export markets. The SCN share is listed for trade on NGM Nordic MTF since December 6, 2006.