Københavns Fondsbørs 15.05.2007
Nikolaj Plads 6
1067 København K No. 16/07
Warrant and bonus schemes to the management
At today's board meeting the board of directors of Topsil Semiconductor
Materials A/S decided to grant a warrant scheme of 790,051 warrants to
Production Manager Jens Peter Faldt, and 646,405 warrants to R.& D. Manager
Thomas Clausen (hereinafter referred to as “Management”) with the following
main contents:
Each warrant entitles Management to subscribe for one share of nom. DKK 0.25
each in the company.
The exercise price is fixed at DKK 1.98 per share.
The warrants can be exercised in the following periods:
- 574,582 warrants in up to 6 weeks after release of the announcement
concerning the 2007 financial statements.
- 861,874 warrants in up to 6 weeks after release of the announcement
concerning the 2008
financial statements.
The terms include an adjustment clause protecting the warrant holders against
dilution in case of capital increases, etc.
The exercise of the warrants is subject to Management still being employed with
the company at the time of exercise.
At the time of granting, the fair value of the warrant scheme is determined at
DKK 832,887.
At the same time a bonus scheme has been granted with the following main
contents:
A bonus of 0.5% of the company's profit before tax will be granted for the
financial year 2007 and 2008.
Management is entitled to a pro rata payment, corresponding to the months
Management has been employed with the company in the above mentioned financial
years.
For questions concerning this announcement, please contact:
Keld Lindegaard Andersen, CEO, tel. +45 47 36 56 10
Topsil Semiconductor Materials A/S
Jens Borelli-Kjær Keld Lindegaard Andersen
Chairman CEO
Please note that this translation is provided for convenience only. The Danish
version shall prevail in case of discrepancies.
