Net Insight launches synthetic option program
(Thomson Reuters ONE) -
Stockholm, Sweden - Net Insight, a leading provider of efficient and scalable
transport solutions for media, IP and broadcast networks, today announces that
it has launched a synthetic option program in accordance with the resolution
made at the Annual General Meeting on May 7, 2015.
The company has, concurrent with the Annual General Meeting's resolution,
launched a synthetic option program for senior executives and other key
employees of Net Insight. CEO Fredrik Tumegård buys 1,000,000 synthetic options
and 1,775,000 have been bought by the company's other key employees and senior
executives.
It is a three-year program with the aim to provide key people the opportunity to
participate in the company's value growth and thereby further strengthen the
company's and the shareholders' common interest. The program should also secure
recruitment and retaining key talent.
The options is sold at market value calculated using the Black & Scholes
valuation model. The calculation is performed by an independent valuation
institute. The strike price is set to 3.80 SEK and is based on the volume
weighted average price during ten trading days directly after the Annual General
Meeting.
The program's main terms and conditions can be found in the notice to attend the
Annual General Meeting. More information is available on Net Insight's website:
http://www.netinsight.net/Investors/Corporate-governance/Annual-General-
Meetings/AGM-2015/
For further information, please contact:
Fredrik Tumegård, CEO of Net Insight, +46 8 685 04 00,
fredrik.tumegard(at)netinsight.net
About Net Insight
Net Insight delivers the world's most efficient and scalable transport solution
for Broadcast and IP Media,
Digital Terrestrial TV and IPTV/CATV networks.
Net Insight products truly deliver 100 percent Quality of Service with three
times improvement in utilization
of bandwidth for a converged transport infrastructure. Net Insight's Nimbra(TM)
platform is the industry solution
for video, voice and data, reducing operational costs by 50 percent and
enhancing competitiveness in delivery
of existing and new media services.
More than 200 world class customers run mission critical video services over Net
Insight products in over 60 countries. Net Insight is quoted on the NASDAQ OMX,
Stockholm.
For more information, please visit www.netinsight.net
Net Insight launches synthetic option program:
http://hugin.info/130084/R/1928193/692232.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: Net Insight AB via GlobeNewswire
[HUG#1928193]
Unternehmensinformation / Kurzprofil:
Datum: 12.06.2015 - 16:27 Uhr
Sprache: Deutsch
News-ID 400141
Anzahl Zeichen: 3419
contact information:
Town:
Stockholm
Kategorie:
Business News
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"Net Insight launches synthetic option program"
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