Under Section 28a of the Danish Securities Trading Act, Solar is required to report any trading in Solar A/S shares and related securities of supervisory or executive board members, Solar Management Team members and related parties.
In 2010, the Board of Directors granted share options to executive management employees, and a number of these employees are now exercising their respective options. At the date of grant in 2010, the exercise price was fixed at DKK 370.04. Settlement price in 2014 is determined at DKK 380.64.
Solar announces the transactions below under ID code DK0010274844 Solar B based on the reports the persons in question have given Solar. All transactions relate to the exercise of share options (cash settlement).
| Name | Reason / relation | No. | Cash settlement in DKK |
| Solar Management Team | |||
| Dariusz Targosz | CED, Solar Polska | 669 | 7,091 |
| Jan Willy Fjellvær | CED, Solar Norge | 2,316 | 24,550 |
Former member of the Solar Management Team Former members of the Solar Management Team have exercised a total of 4,556 share options, equating total cash settlement of DKK 48,294.
This means that 9,370 share options outstanding remain from the grant year 2010.
Yours faithfully Solar A/S
Charlotte Risskov Kræfting
Solar facts Solar A/S was established in 1919 and listed on the Copenhagen Stock Exchange in 1953. Solar is one of Northern Europe’s leading technical wholesalers within electrical, heating, plumbing and ventilation products. The group, based in Kolding, Denmark, has subsidiaries in Denmark incl. the Faroes, Sweden, Norway, the Netherlands, Belgium, Germany, Poland and Austria. In 2013, Solar Group revenue totalled € 1,531.5m, equating DKK 11.4bn. The group currently has some 3,300 employees.
For more information, please visit www.solar.eu.
Disclaimer This announcement was published in Danish and English today via NASDAQ OMX Copenhagen. In case of any discrepancy between the two languages, the Danish version shall prevail.