Award of stock options according to long term option program
(Thomson Reuters ONE) -
The Board of Directors in Acta Holding ASA has in a board meeting on the 16(th)
of February awarded stock options for the year 2010 in accordance with an option
program for all employees in Acta within a framework of 5.5 million stock
options for each of the years 2009, 2010 and 2011. Reference is made to the
notice to Oslo Stock Exchange of 28(th) of October 2009.
The Board of Directors is authorized by resolution approved by the annual
general meeting on the 6(th) of May 2009 to enter into such stock option
agreements on terms as stated in the resolution.
A total of 4.279 million stock options will be awarded to 265 employees on the
17(th) of February 2010. The remaining options within the framework for the
2010 award will be awarded on the dates the interim results for 2010 have been
presented by the company by notices to the Oslo Stock Exchange. The total
number of outstanding stock options after the allocation on 17(th) of February
2010 is 8.860 million.
The strike price for the options awarded for the year 2010 shall be 105% of the
Acta share's closing price on the Oslo Stock Exchange on the date of the award.
The strike price shall however be reduced by the accumulated dividend paid in
the period after the options have been awarded.
The stock options awarded on the 17(th) of February 2010 can be exercised with
100 % in a period of four weeks (28 days) after the interim results of the
fourth quarter in 2011 have been presented by the company by notice to the Oslo
Stock Exchange. The stock options awarded on the dates of the interim results
for 2010 have been presented by the company by notice to the Oslo Stock Exchange
can be exercised with 100 % in a period of four weeks (28 days) after the
corresponding interim results for 2012 have been presented by the company by
notice to the Oslo Stock Exchange.
Employees will have a lock-in period of one year on stocks that are acquired
under the option program.
Please see the attachment hereto for details regarding the allocations to
company insiders.
Contact information:
Chairman Alfred Ydstebø, mobile phone +47 908 32 828
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
[HUG#1385162]
Options: http://hugin.info/132742/R/1385162/343885.pdf
Unternehmensinformation / Kurzprofil:
Datum: 17.02.2010 - 08:39 Uhr
Sprache: Deutsch
News-ID 12594
Anzahl Zeichen: 0
contact information:
Town:
Stavanger
Kategorie:
Business News
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"Award of stock options according to long term option program"
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