Addtech's share-based incentive scheme fully subscribed.
NORDIC BUSINESS REPORT-September 26, 2016-Addtech's share-based incentive scheme fully subscribed
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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.
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|Publication:||Nordic Business Report|
|Article Type:||Brief article|
|Date:||Sep 26, 2016|
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