Long term option program for all Acta Group employees
(Thomson Reuters ONE) - The Board of Directors in Acta Holding ASA has on the 27th of Octoberdecided to implement an option program for all employees in the ActaGroup. The option program has a framework of 5.5 million stockoptions for each of the years 2009, 2010 and 2011, with one optionentitling the holder to one share. This program is a part of anemployee incentive program in Acta which will both contribute tocreate excellent results and help to attract new employees as well asto hold on to existing employees. There will not be made additionalawards in the option program which was announced in the stockexchange notice of 12th February 2008.The Board of Directors is authorized by resolution approved by theannual general meeting on the 6th of May 2009 to enter into suchstock option agreements on terms as stated in the resolution.Each employee shall be awarded options on the date of award, which is28th of October. The strike price for the options awarded on the 28thof October 2009 shall be 105% of the Acta share's closing price onthe Oslo Stock Exchange on the 28th of October 2009. The strike priceshall however be reduced by the accumulated dividend paid in theperiod after the options have been awarded.The stock options awarded on the 28th of October 2009 can beexercised in a period of four weeks (28 days) after the interimresults of the third quarter in 2011 have been presented by thecompany by notice to the Oslo Stock Exchange. Employees will have alock-in period of one year on stocks that are acquired under theoption program.A total of 4.067 million stock options will be awarded to 260employees on the 28th of October 2009. The remaining options withinthe framework for the 2009 award will be awarded after the interimresults for the fourth quarter in 2009 have been presented by thecompany by notice to the Oslo Stock Exchange. The total number ofoutstanding stock options after the allocation on 28th of October2009 is 4.667 million.Please see the attachment hereto for details regarding theallocations to company insiders.Contact information:Chairman Alfred Ydstebø, mobile phone +47 908 32 828http://hugin.info/132742/R/1350618/325975.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 28.10.2009 - 08:30 Uhr
Sprache: Deutsch
News-ID 7513
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