Company Announcement to the Danish Financial Supervisory Authority No. 23-2013, 2 September 2013
As announced in the Half-Yearly Report 23 August 2013, the Board of Directors has decided to grant new share options to the Executive Management and key staff (104 persons).
The share options total 440,448 of which the Executive Management will receive 72,121 options.
The exercise period is 2016-2019 and the exercise price is 313, based on the average closing price for the first five trading days following the announcement of the Half-Yearly Report 2012. Based on a volatility of 30% for the previous year, the Black-Scholes value amounts to DKK 35m.
The share option plan will affect this year's result by DKK -4m.
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Yours faithfully
Pernille Friis Andersen
Corporate Communications & Investor Relations