No. 7 2018 Exercise of share options in Solar A/S
In accordance with article 19 of Regulation (EU) No. 596/2014, Solar is required to report trading with Solar shares and related financial instruments carried out by members of the Board of Directors, members of the Executive Board and related parties.
In 2014 and 2015, the Board of Directors granted share options to the Executive Board and management team, and a number of these employees now exercise their respective share options as cash settlement.
At the time of granting in 2014 and 2015, the exercise price was fixed at DKK 373.64 and DKK 328.26, respectively. The settlement price in 2018 is determined at DKK 399.19.
Solar announces the transactions below under ID code DK0010274844 Solar B based on the reports received by Solar. All transactions relate to the exercise of share options (cash settlement).
CEO Jens E. Andersen has exercised 2,601 share options from the grant year 2014, equating a total cash settlement of DKK 66,456.
CFO Michael H. Jeppesen has exercised 1,951 share options from the grant year 2014, equating a total cash settlement of DKK 49,848.
Present and former members of Solar Group Management have exercised a total of 15,234 share options from the grant year 2014 and 17,875 share options from the grant year 2015, equating a total cash settlement of DKK 1,657,102.
There are now no more share options outstanding from the grant year 2014, whereas 20,497 share options outstanding remain from the grant year 2015.
Charlotte Risskov Kræfting
Director, Stakeholder Relations Charlotte Risskov Kræfting -
tel. +45 40 34 29 08
Facts about Solar
Solar Group is a leading sourcing and services company. Our core business centres on product sourcing, value-adding services and optimisation of our customers' businesses.
Being a sourcing and services company, we focus on each individual customer. We always strive to understand our customers' unique and genuine needs in order to provide relevant, personal and value-adding services, turning our customers into winners.
Solar Group is headquartered in Denmark, generated revenue of more than DKK 11bn in 2017 and has approx. 3,000 employees. Solar is listed on Nasdaq Copenhagen and operates under the short designation SOLAR B. For more information, please visit www.solar.eu.
This announcement was published in Danish and English today via Nasdaq Copenhagen. In the event of any inconsistency between the two versions, the Danish version shall prevail.