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 2015/16
Allerød, 2015-06-26 10:31 CEST (GLOBE NEWSWIRE) -- In accordance with Matas
A/S’ Overall Guidelines for Incentive Pay, Matas A/S has today granted a total
of 208,698 stock options, comprising 132,803 stock options to the executive
management and 75,895 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 ROIC before tax and excluding goodwill and one based on the
development in shareholders equity. Upon fulfilment of the KPIs vesting will
take place in three equal tranches after each of the financial years 2017/18,
2018/19 og 2019/20, 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 2017/18 and
participants have a subsequent period of three 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 170.12 calculated as the average trading
price in the 10 days after the announcement of the annual report 2015/16 plus
10%.
To the extent 100% of the 208,698 granted stock options vest in the period
2017/18 to 2019/20, the theoretical market value hereof as per today is DKK
7,919,473, calculated according to the Black-Scholes model based on assumptions
of an exercise price of DKK 170.12, an average technically calculated duration
of 7 years, a technically calculated volatility of 25.9% and a technically
calculated interest rate of 0.45%.
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 2017/18
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Designatio Options to buy shares in Matas A/S
n
--------------------------------------------------------------------------------
Trade day 26 June 2015
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Market N/A
--------------------------------------------------------------------------------
Number 88.926 (assuming 100% vesting)
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Teoretical Technically calculated valuation based on the Black-Scholes model of
market DKK 3,374,479 (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 2017/18
--------------------------------------------------------------------------------
Designatio Options to buy shares in Matas A/S
n
--------------------------------------------------------------------------------
Trade day 26 June 2015
--------------------------------------------------------------------------------
Market N/A
--------------------------------------------------------------------------------
Number 43,877 (assuming 100% vesting)
--------------------------------------------------------------------------------
Teoretical Technically calculated valuation based on the Black-Scholes model of
market DKK 1,665,003 (assuming 100% vesting)
value
(DKK)
--------------------------------------------------------------------------------
Matas A/S
Enquiries
Jesper Breitenstein
Head of Investor Relations
Tel. +45 27 80 76 75
