Grant of Performance Share Units, repurchase of options and reporting of transactions in accordance with Article 19 of the Market Abuse Regulation
Matas A/S
Managers' transactions
Grant of Performance Share Units, repurchase of options and reporting of
transactions in accordance with Article 19 of the Market Abuse Regulation
Company announcement 18 2016/17
Allerød, 2016-09-09 15:54 CEST (GLOBE NEWSWIRE) -- In accordance with Matas
A/S’ Overall Guidelines for Incentive Pay, Matas A/S has today granted a total
of 66,968 Performance Share Units (”PSUs”), comprising 42,501 PSUs to executive
management and 24,467 PSUs to key employees
Subject to the achievement of two KPIs, weighted 50% each, the number of PSUs
awarded may vary upon vesting in an interval of 75% and 150% of the original
number of PSUs awarded. One KPI is based on the development in EBITDA and the
other KPI is based on the development in revenue in the period up to and
including the 2018/19 financial year.
The PSUs are awarded free, and assuming that the PSUs vest and do not lapse,
each PSU entitles the holder to receive one Matas share at the time of vesting.
Subject to achieveing the KPIs described above, the PSUs will vest after the
publication of the annual report for the financial year 2018/19.
At the minimum and maximum achievement of the KPIs, the value of the PSUs at
yesterdays closing price is DKK 6.25 mill and 12.5 mill., respectively.
It is a condition for participating in the programme, that the participants
over a four-year period acquire a holding of Matas shares in a fixed proportion
to their gross salary.
As a part of the grant of PSUs, Matas has after a mutual agreement with the
participants voided the remaining tranches of the existing option programmes
that were awarded in 2014 and 2015. The DKK 6.6 million value of the option
programmes, calculated according to a Black-Scholes model, wil be cash settled
with the participant of these programmes.
Matas has according to the EU market abuse regulation art. 19 received the
below reports from management and their related parties’ transactions in Matas
shares and related securities in connection with the grant of the PSUs and the
voiding of the previous option programmes:
1. Details of the person discharging managerial responsibilities/person closely
associated
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a) Name Terje List
--------------------------------------------------------------------------------
2. Reason for the notification
--------------------------------------------------------------------------------
a) Position/status CEO
--------------------------------------------------------------------------------
b) Initial notification/ Amendment Initial notification
--------------------------------------------------------------------------------
3. Details of the issuer
--------------------------------------------------------------------------------
a) Name Matas A/S
--------------------------------------------------------------------------------
b) LEI Code N/A
--------------------------------------------------------------------------------
4. Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
--------------------------------------------------------------------------------
a) Description of the financial Performance Share Units (PSUs)
instrument, type of instrument related to shares of Matas A/S
Identifikation code DK0060497295
--------------------------------------------------------------------------------
b) Nature of the transaction Award of PSUs in connection with
share option programme
--------------------------------------------------------------------------------
c) Price(s) and volume(s) Price(s) (DKK)
Volume(s)
0
28,542
--------------------------------------------------------------------------------
d) Aggregated information
· Aggregated volume
· Price (DKK)
--------------------------------------------------------------------------------
e) Date of the transaction 9 September 2016
--------------------------------------------------------------------------------
f) Place of the transaction Outside the market
--------------------------------------------------------------------------------
1. Details of the person discharging managerial responsibilities/person closely
associated
--------------------------------------------------------------------------------
a) Name Terje List
--------------------------------------------------------------------------------
2. Reason for the notification
--------------------------------------------------------------------------------
a) Position/status CEO
--------------------------------------------------------------------------------
b) Initial notification/ Amendment Initial notification
--------------------------------------------------------------------------------
3. Details of the issuer
--------------------------------------------------------------------------------
a) Name Matas A/S
--------------------------------------------------------------------------------
b) LEI Code N/A
--------------------------------------------------------------------------------
4. Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
--------------------------------------------------------------------------------
a) Description of the financial Share options
instrument, type of instrument DK0060497295
Identification code
--------------------------------------------------------------------------------
b) Nature of the transaction Sale of share options
--------------------------------------------------------------------------------
c) Price(s) and volume(s) Price(s) (DKK)
Volume(s)
110.34
11,222
15.11
30,855
17.76
30,855
20.23
30,855
--------------------------------------------------------------------------------
d) Aggregated information 103,788
· Aggregated volume 2,876,629
· Price (DKK)
--------------------------------------------------------------------------------
e) Date of the transaction 9 September 2016
--------------------------------------------------------------------------------
f) Place of the transaction Outside the market
--------------------------------------------------------------------------------
1. Details of the person discharging managerial responsibilities/person closely
associated
--------------------------------------------------------------------------------
a) Name Anders Skole-Sørensen
--------------------------------------------------------------------------------
2. Reason for the notification
--------------------------------------------------------------------------------
a) Position/status CFO
--------------------------------------------------------------------------------
b) Initial notification/ Amendment Initial notification
--------------------------------------------------------------------------------
3. Details of the issuer
--------------------------------------------------------------------------------
a) Name Matas A/S
--------------------------------------------------------------------------------
b) LEI Code N/A
--------------------------------------------------------------------------------
4. Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
--------------------------------------------------------------------------------
a) Description of the financial Performance Share Units (PSUs)
instrument, type of instrument related to shares of Matas A/S
Identification code DK0060497295
--------------------------------------------------------------------------------
b) Nature of the transaction Award of PSUs in connection with
share option programme
--------------------------------------------------------------------------------
c) Price(s) and volume(s) Price(s) (DKK)
Volume(s)
0
13,959
--------------------------------------------------------------------------------
d) Aggregated information
· Aggregated volume
· Price (DKK)
--------------------------------------------------------------------------------
e) Date of the transaction 9 September 2016
--------------------------------------------------------------------------------
f) Place of the transaction Outside the market
--------------------------------------------------------------------------------
1. Details of the person discharging managerial responsibilities/person closely
associated
--------------------------------------------------------------------------------
a) Name Anders Skole-Sørensen
--------------------------------------------------------------------------------
2. Reason for the notification
--------------------------------------------------------------------------------
a) Position/status CFO
--------------------------------------------------------------------------------
b) Initial notification/ Amendment Initial notification
--------------------------------------------------------------------------------
3. Details of the issuer
--------------------------------------------------------------------------------
a) Name Matas A/S
--------------------------------------------------------------------------------
b) LEI Code N/A
--------------------------------------------------------------------------------
4. Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
--------------------------------------------------------------------------------
a) Description of the financial Share options
instrument, type of instrument DK0060497295
Identification code
--------------------------------------------------------------------------------
b) Nature of the transaction Sale of share options
--------------------------------------------------------------------------------
c) Price(s) and volume(s) Price(s) (DKK)
Volume(s)
110.34
4,989
15.11
15,224
17.76
15,224
20.23
15,224
--------------------------------------------------------------------------------
d) Aggregated information 50,662
· Aggregated volume 1,358,941
· Price (DKK)
--------------------------------------------------------------------------------
e) Date of the transaction 9 September 2016
--------------------------------------------------------------------------------
f) Place of the transaction Outside the market
--------------------------------------------------------------------------------
For further information
Søren Mølbak, Head of Investor Relations
Tlf. +45 48 1655 48
