NNIT A/S: 10/2015 Share-based incentive programmes and Section 28a reporting of transactions
(Thomson Reuters ONE) -
Company announcement 10/2015
Søborg/Copenhagen, 6 March 2015
Share-based incentive programmes and Section 28a reporting of transactions
With reference to the offering circular dated 23 February 2015 as supplemented
on 2 March 2015 and in accordance with NNIT A/S' ("NNIT") Remuneration
Principles, including Overall Guidelines for Incentive Pay, as adopted at the
extraordinary general meeting held on 17 February 2015, NNIT has today updated
its long-term incentive programme (the "LTIP") for Group Management and certain
other employees and implemented a launch incentive programme (the "LIP") for
Group Management and certain other employees.
The LTIP is based on earnings before interest and tax compared to the targeted
level. In addition the realised free cash flow compared to the targeted level
could be taken into consideration. For performance in 2015 and subsequent
periods, the updated LTIP will be based on shares in NNIT. NNIT shares under the
LTIP are allocated subject to a lock-up period of three years after which the
shares are released to the participants without consideration. Our Board of
Directors may decide to remove NNIT shares from past years' allocations in the
case of lower-than-planned performance by NNIT during any lock-up period in
areas to be determined by the Board of Directors.
Under the LIP, NNIT will grant two restricted share units ("RSUs") to each
member of Group Management, and certain other employees (all together referred
to as the "Members") per NNIT share purchased by each Member as part of the LIP.
The NNIT shares purchased in connection with the LIP and RSUs granted will be
subject to a lock-up restriction of at least three years from the grant date and
will after the expiry of the lock-up period vest and simultaneously be converted
into NNIT. Subject to fulfilment of certain performance criteria relating to
annual growth in sales and operating margin, each RSU will upon vesting give the
right to one NNIT share without consideration.
No new shares will be issued to cover allocations under the LTIP or LIP.
Reference is also made to the offering circular published by NNIT on 23 February
2015 as supplemented for further information on the LTIP and LIP.
Reference is made to company announcement no. 9 of 6 March 2015 with regard to
purchase of shares under the LIP as further described in the offering circular
published on 23 February 2015 as supplemented.
Pursuant to Section 28a of the Danish Securities Trading Act, the following
transactions in shares and associated securities of NNIT have been reported by
members of the Group Management in connection with the grant of RSUs under the
LIP.
About NNIT
NNIT A/S is one of Denmark's leading IT service providers and consultancies.
NNIT A/S offers a wide range of IT services and solutions to its customers,
primarily in the life sciences sector in Denmark and internationally and to
customers in the public, enterprise and finance sectors in Denmark. As of 31
December 2014, NNIT A/S had more than 2,400 employees.
For more information please visit www.nnit.com.
Enquiries
Media contacts:
Robert Neimanas, Head of Communications: +45 3079 7480, rbnm(at)nnit.com
Investor contacts:
Jesper Wagener, Head of Investor Relations: +45 3075 5392, jvwa(at)nnit.com
Overview of transactions:
http://hugin.info/163771/R/1900162/675284.pdf
10/2015 Share-based incentive programmes and Section 28a reporting:
http://hugin.info/163771/R/1900162/675289.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: NNIT A/S via GlobeNewswire
[HUG#1900162]
Unternehmensinformation / Kurzprofil:
Datum: 06.03.2015 - 14:32 Uhr
Sprache: Deutsch
News-ID 376732
Anzahl Zeichen: 4461
contact information:
Town:
Søborg
Kategorie:
Business News
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