Trelleborg Group management subscribe for options
Trelleborg’s Group management, comprising nine individuals including the President and CEO, have subscribed for a total of 150,000 call options in Trelleborg AB. Trelleborg’s principal owner, Henry Dunker Donation Fund & Foundations, has via AB Hevea offered Group management the opportunity to subscribe for options.
Trelleborg AB did not participate in the offer and will not be charged with any earnings effect related to the program.
Group management acquired 12,500 call options each, except the President and CEO who acquired 50,000 call options, at a price of SEK 9.86 per call option. Each call option entitles the holder to purchase one Series B share at a call price of SEK 175.83. The valuation of the call options has been performed by an independent party according to standard methods. The options have a term of five years.
The principal owner’s intention in introducing the program is to encourage Group management and the President and CEO’s long-term commitment to the company.
For further information, please contact:
Senior VP Group Communications Patrik Romberg, 46 410 67094, 46 704 551104, email@example.com
Trelleborg is a world leader in engineered polymer solutions that seal, damp and protect critical applications in demanding environments. Its innovative solutions accelerate performance for customers in a sustainable way. The Trelleborg Group has annual sales of about SEK 32 billion and operations in about 50 countries. The Group comprises five business areas: Trelleborg Coated Systems, Trelleborg Industrial Solutions, Trelleborg Offshore & Construction, Trelleborg Sealing Solutions and Trelleborg Wheel Systems. The Trelleborg share has been listed on the Stock Exchange since 1964 and is listed on Nasdaq Stockholm, Large Cap.