Bang & Olufsen a/s - Allocation of options

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| Source: Bang & Olufsen A/S
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Struer, 2012-11-12 10:05 CET (GLOBE NEWSWIRE) -- Company announcement no. 12.17

In accordance with the company’s guidelines for incentive schemes, as adopted at the company’s Extraordinary General Meeting on Thursday, 10th of March 2011, the Board of Directors has decided to allocate share options to the Management Board and a group of key management personnel. A total of 344,929 options were allocated

The share options were allocated on the 12. November 2012, and can be exercised partly or completely during a period of 2 consecutive weeks, beginning 6 trading days after the announcement of the financial report for the fiscal year 2014/15, provided that certain conditions related to EBIT and market price of the company’s shares are met. The share options will hereafter expire.

The share options can be exercised at a price of 81 DKK per share. The share options exercise price is adjusted for dividend paid, and for changes in the capital situation of the company, always with the aim of ensuring an unchanged value of the options granted.

The following persons, who are covered by the reporting requirements of the Act on Securities Trading, participate in the options allocation:

 

Name John Bennett-Therkildsen
Reason Executive Vice President, Operations
Issuer Bang & Olufsen a/s
Type Option
Transaction Allocation
Number 26,642
Market value in DKK 499,800.00

 

Name Henning Bejer Beck
Reason Executive Vice President, CFO
Issuer Bang & Olufsen a/s
Type Option
Transaction Allocation
Number 32,623
Market value in DKK 612,000.00

 

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Contact: Investor Relations Manager Claus Højmark Jensen, Phone +45 9684 1251