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 15th of
February 2011 awarded stock options for the year 2011 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
notices to Oslo Stock Exchange on 28th of October 2009, 17th of February
2010, 19th of August 2010 and 28th of October 2010.
The Board of Directors is authorized by resolution approved by the annual
general meeting on the 11th of May 2010 to enter into such stock option
agreements on terms as stated in the resolution.
A total of 4.102 million stock options will be awarded to 284 employees on the
16th of February 2011. The remaining options within the framework for the 2011
award will be awarded on the dates the interim results for 2011 have been
presented by the company by notices to the Oslo Stock Exchange. The total
number of outstanding stock options after the allocation on 16th of February
2011 is 13.454 million.
The strike price for the options awarded for the year 2011 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.
Stock options awarded to company insiders and specific groups (in total 2.980
million stock options) on the 16th of February 2011 can be exercised with 1/3 in
a period of three (3) days after the interim results of the fourth quarter in
2011 have been presented by the company by notice to the Oslo Stock Exchange,
with 1/3 in a period of three (3) days after the interim results of the fourth
quarter in 2012 have been presented by the company by notice to the Oslo Stock
Exchange, and with 1/3 in a period of three (3) days after the interim results
of the fourth quarter in 2013 have been presented by the company by notice to
the Oslo Stock Exchange. Stock options awarded to remaining employees on the
16th of February 2011 can be exercised with 100 % in a period of three (3) days
after the interim results of the fourth quarter in 2012 have been presented by
the company by notice to the Oslo Stock Exchange.
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)
Options:
http://hugin.info/132742/R/1481102/424560.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters 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: Acta Holding ASA via Thomson Reuters ONE
[HUG#1481102]
Unternehmensinformation / Kurzprofil:
Datum: 16.02.2011 - 08:46 Uhr
Sprache: Deutsch
News-ID 51544
Anzahl Zeichen: 3455
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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