Ramsbury Invest AB issues call options to CEO and CFO of the H&M group

Ramsbury Invest AB, the principal shareholder in H & M Hennes & Mauritz AB, is issuing 450,000 call options to Daniel Ervér, the H&M group’s CEO and 340,000 to Adam Karlsson CFO. The options are issued on market terms and are based on an independent third-party valuation using the Black & Scholes model.

The options issued have no dilution effect for H&M shareholders and no cost to the H&M group since the transaction is against Ramsbury Invest AB’s existing shareholding. Each option provides the right to buy one class B share in H&M at a strike price of SEK 168.26 per share and may be exercised during a 12-month period beginning three years after the agreement date, February 15, 2024. Daniel Ervér and Adam Karlsson are paying a premium of SEK 11.63 per option to the issuer Ramsbury Invest.

“It is positive that Daniel and Adam are buying these options as it shows their long-term commitment and belief in the H&M group,” says Stefan Persson, Chairman of the Board of Ramsbury Invest AB.

Contact:

Kristina Stenvinkel, Ramsbury Invest
+46 70 796 54 40
stenvinkel@ramsbury.se

Ramsbury Invest AB is a private investment company wholly owned by the Stefan Persson family.