LEI: 21380031XTLI9X5MTY9
In 2013 and 2014, the Board of Directors granted share options to the Executive Board and management team, and a number of these employees are now exercising their respective share options as cash settlement.
At the date of grant in 2013 and 2014, the exercise price was fixed at DKK 269.18 and DKK 373.64, respectively. Settlement price in 2017 is determined at DKK 381.23.
Present and former members of the Solar Group Management have exercised a total of 18,114 share options from the grant year 2013 and 8,247 share options from the grant year 2014, equating total cash settlement of DKK 2,092,268.
There are now no more share options outstanding from the grant year 2013, whereas 15,845 share options outstanding remain from the grant year 2014.
Yours faithfully Solar A/S
Charlotte Risskov Kræfting
Contact: Director, Stakeholder Relations Charlotte Risskov Kræfting - tel. +45 40 34 29 08
Facts about Solar Solar Group is a leading European 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 approximately DKK 11.1bn in 2016 and has some 3,000 employees. Solar has been listed on Nasdaq Copenhagen since 1953, and operates under the short designation SOLAR B. For more information, please visit www.solar.eu .
Disclaimer This announcement was published in English and Danish today via Nasdaq Copenhagen. In the event of any inconsistency between the two versions, the English version shall prevail.
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