Grant of stock options and reporting of transactions in accordance with Section 28a of the Securities Trading Act
Matas A/S
Insiders' dealing
Grant of stock options and reporting of transactions in accordance with Section
28a of the Securities Trading Act
Company announcement 10 2014/15
Allerød, 2014-08-21 07:52 CEST (GLOBE NEWSWIRE) -- In accordance with Matas
A/S’ Overall Guidelines for Incentive Pay, Matas A/S has today granted a total
of 72,789 stock options, comprising 47.516 stock options to the executive
management and 25.273 stock options to key employees, to purchase shares in
Matas A/S under the long-term incentive plan.
The stock options are subject to fulfilment of two KPIs weighted 50% each: one
based on EBITDA and one based on the total shareholder return for the group.
Upon fulfilment of the KPIs vesting will take place in three equal tranches
after each of the financial years 2014/15, 2015/16 and 2016/17, and the KPI
targets are defined for each of these periods.
Vested stock options will not become available for exercise until after the
announcement of the annual report for the financial year 2016/17 and
participants have a subsequent period of two years to exercise the stock
options. Each vested stock option entitles the holder to purchase one share in
Matas A/S at a price per share of DKK 7.16.
To the extent 100% of the 72,789 granted stock options vest in the period
2014/15 to 2016/17, the theoretical market value hereof as per today is DKK
8,214,407, calculated according to the Black-Scholes model based on assumptions
of an exercise price of DKK 7.16, an average technically calculated duration of
5 years, a technically calculated volatility of 18%, a technically calculated
dividend yield of 3.6%, and a technically calculated interest rate of 0.5%.
Pursuant to Section 28a of the Securities Trading Act, Matas A/S shall hereby
disclose information on transactions with the shares and associated securities
of Matas A/S made by management and their related parties. Matas A/S has
received information on below transactions in connection with allocation of
stock options:
Name Terje List
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Reason Chief Executive Officer
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Issuer Matas A/S
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ISIN code Stock options related to ISIN code DK0060497295
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Transactio Granted stock options which are conditional upon fulfilment of the
n KPIs and which upon vesting will not become available for exercise
until after the announcement of the annual report for the financial
year 2016/17
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Designatio Options to buy shares in Matas A/S
n
--------------------------------------------------------------------------------
Trade day 21 August 2013
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Market N/A
--------------------------------------------------------------------------------
Number 32.892 (assuming 100% vesting)
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Teoretical Technically calculated valuation based on the Black-Scholes model of
market DKK 3,711,938 (assuming 100% vesting)
value
(DKK)
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Name Anders T. Skole-Sørensen
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Reason Chief Financial Officer
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Issuer Matas A/S
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ISIN code Stock options related to ISIN code DK0060497295
--------------------------------------------------------------------------------
Transactio Granted stock options which are conditional upon fulfilment of the
n KPIs and which upon vesting will not become available for exercise
until after the announcement of the annual report for the financial
year 2016/17
--------------------------------------------------------------------------------
Designatio Options to buy shares in Matas A/S
n
--------------------------------------------------------------------------------
Trade day 21 August 2013
--------------------------------------------------------------------------------
Market N/A
--------------------------------------------------------------------------------
Number 14,624 (assuming 100% vesting)
--------------------------------------------------------------------------------
Teoretical Technically calculated valuation based on the Black-Scholes model of
market DKK 1,650,352 (assuming 100% vesting)
value
(DKK)
--------------------------------------------------------------------------------
Matas A/S
Enquiries
Jesper Breitenstein
Head of Investor Relations
Tel. +45 27 80 76 75
