No. 9/2014
In accordance with ISS A/S’ Overall Guidelines for Incentive Pay, as adopted at the extraordinary general meeting held on 1 March 2014, ISS A/S has today implemented (i) a new long-term incentive programme (the “LTIP”) for the Executive Group Management Board and certain other employees comprising 952,169 performance share units (“PSUs”) of which a total of 131,914 PSUs have been granted to the Executive Group Management Board and a total of 768,752 PSUs have been granted to certain other employees and (ii) a new transition share programme (the “Transition Share Programme”) for the Executive Group Management Board and certain other employees comprising 526,720 PSUs of which a total of 137,786 PSUs have been granted to the Executive Group Management Board and a total of 382,950 PSUs have been granted to certain other employees.
Upon vesting, each PSU entitles the holder to receive one share in ISS A/S at no cost. Full or partial vesting of the PSUs granted under the Transition Share Programme and the LTIP is subject to achievement of certain performance targets. Prior to vesting, holders of PSUs will not have any of the rights that holders of Shares would otherwise be entitled to, such as voting and dividend rights.
Reference is also made to the offering circular published by ISS A/S on 3 March 2014 for further information on the Transition Share Programme and the LTIP.
Pursuant to section 28a of the Danish Securities Trading Act, the following transactions in shares and associated securities of ISS A/S have been reported by members of the Executive Group Management Board in connection with the grant of PSUs:
| Name | Jeff Gravenhorst |
| Reason | Group CEO and member of the Executive Group Management Board |
| Issuer | ISS A/S |
| ISIN | DK0060542181 |
| Transaction | Received performance share units under the Transition Share Programme which are conditional upon fulfilment of certain performance targets in 2014 and 2015. Received performance share units under the Long-term Incentive Programme which are conditional upon fulfilment of certain performance targets in 2014, 2015 and 2016. |
| Type of security | Performance share units related to shares in ISS A/S |
| Trading date (grant date) | 18 March 2014 |
| Trading market | N/A |
| Number of shares | Transition Share Programme: 49,725 (assuming 100% vesting) Long-term Incentive Programme: 49,725 (assuming 100% vesting) |
| Market value, DKK | 15,912,000 (based on an IPO price of DKK 160 per performance share unit and assuming 100% vesting) |
| Name | Heine Dalsgaard |
| Reason | Group CFO and member of the Executive Group Management Board |
| Issuer | ISS A/S |
| ISIN | DK0060542181 |
| Transaction | Received performance share units under the Transition Share Programme which are conditional upon fulfilment of certain performance targets in 2014 and 2015. Received performance share units under the Long-term Incentive Programme which are conditional upon fulfilment of certain performance targets in 2014, 2015 and 2016. |
| Type of security | Performance share units related to shares in ISS A/S |
| Trading date (grant date) | 18 March 2014 |
| Trading market | N/A |
| Number of shares | Transition Share Programme: 29,063 (assuming 100% vesting) Long-term Incentive Programme: 27,125 (assuming 100% vesting) |
| Market value, DKK | 8,990,080 (based on an IPO price of DKK 160 per performance share unit and assuming 100% vesting) |
| Name | Henrik Andersen |
| Reason | Group COO EMEA and member of the Executive Group Management Board |
| Issuer | ISS A/S |
| ISIN | DK0060542181 |
| Transaction | Received performance share units under the Transition Share Programme which are conditional upon fulfilment of certain performance targets in 2014 and 2015. Received performance share units under the Long-term Incentive Programme which are conditional upon fulfilment of certain performance targets in 2014, 2015 and 2016. |
| Type of security | Performance share units related to shares in ISS A/S |
| Trading date (grant date) | 18 March 2014 |
| Trading market | N/A |
| Number of shares | Transition Share Programme: 29,935 (assuming 100% vesting) Long-term Incentive Programme: 27,939 (assuming 100% vesting) |
| Market value, DKK | 9,259,840 (based on an IPO price of DKK 160 per performance share unit and assuming 100% vesting) |
| Name | John Peri |
| Reason | Group COO Americas & APAC and member of the Executive Group Management Board |
| Issuer | ISS A/S |
| ISIN | DK0060542181 |
| Transaction | Received performance share units under the Transition Share Programme which are conditional upon fulfilment of certain performance targets in 2014 and 2015. Received performance share units under the Long-term Incentive Programme which are conditional upon fulfilment of certain performance targets in 2014, 2015 and 2016. |
| Type of security | Performance share units related to shares in ISS A/S |
| Trading date (grant date) | 18 March 2014 |
| Trading market | N/A |
| Number of shares | Transition Share Programme: 29,063 (assuming 100% vesting) Long-term Incentive Programme: 27,125 (assuming 100% vesting) |
| Market value, DKK | 8,990,080 (based on an IPO price of DKK 160 per performance share unit and assuming 100% vesting) |
For media enquiries Kenth Kærhøg, Head of Group Communications, +45 38 17 62 05
For investor enquiries Barbara Plucnar Jensen, Head of Group Treasury, +45 38 17 62 60 Martin Kjær Hansen, Treasury Manager, +45 38 17 64 31
About ISS The ISS Group was founded in Copenhagen in 1901 and has grown to become one of the world’s leading Facility Services companies. ISS offers a wide range of services such as: Cleaning, Catering, Security, Property and Support Services as well as Facility Management. Global revenue amounted to DKK 78.5 billion in 2013 and ISS has more than 530,000 employees and local operations in more than 50 countries across Europe, Asia, North America, Latin America and Pacific, serving thousands of both public and private sector customers. For more information on the ISS Group, visit www.issworld.com .
