Printer Friendly

Addtech's share-based incentive scheme fully subscribed.

NORDIC BUSINESS REPORT-September 26, 2016-Addtech's share-based incentive scheme fully subscribed

(C)2016 M2 COMMUNICATIONS http://www.m2.com

Addtech AB (STO:ADDTB) on Friday announced the full subscription of the share-based incentive scheme resolved by the 2016 Annual General Meeting where 20 members of senior management were offered to acquire up to 300,000 call options on repurchased class B shares.

According to the company, these call options will be transferred at a price of SEK11.80 per call option, equivalent to the market value according to an external independent valuation, applying the Black-Scholes-model.

Also, the redemption price of the call options amounts to SEK159.00, equivalent to 120% of the volume-weighted average of the paid market price for the shares during the period from 1 September 2016 to 14 September 2016, inclusive.

Each call option entitles the holder to acquire one repurchased class B share during the period from 16 September 2019 to 5 June 2020, inclusive.

AddTech offers high-tech industrial components and systems. The company creates customer specific solutions within the areas Equipment, Transmission, and Components.

(EUR1.00=SEK9.59)

((Comments on this story may be sent to info@m2.com))

COPYRIGHT 2016 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2016 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Nordic Business Report
Article Type:Brief article
Date:Sep 26, 2016
Words:193
Previous Article:Rejlers awarded NOK60m contract by Hafslund.
Next Article:Husqvarna names members of Nomination Committee for 2017 AGM.
Topics:

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters