No. 6 Exercise of share options in Solar A/S
February 25 2021 - 9:46AM
No. 6 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 A/S
shares and related financial instruments carried out by members of
the Board of Directors, members of the Executive Board and related
parties.
In 2017, 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.
At the time of granting in 2017, the exercise price
was fixed at DKK 373.84. The settlement price in 2021 is determined
at DKK 456.39.
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 from the
grant year 2017 and will either be converted into shares or settled
with cash.
CEO Jens E. Andersen has exercised 2,709 share
options, and is thereby granted an equivalent number of shares.
CFO Michael H. Jeppesen has exercised 2,186 share
options, and is thereby granted an equivalent number of shares.CCO
Hugo Dorph has exercised 2,703 share options, equating a total cash
settlement of DKK 223,140.
Solar has no further outstanding share options.
For the purpose of these transactions, Solar has
sold 4,895 B shares. Solar’s portfolio of treasury shares now
totals 56,813 B shares.
Contacts Chairman of the Board of Directors Jens
Borum
Tel. +45 79 30 00 00
IR Director, Dennis Callesen - Tel. +45 29 92 18 11
- No. 6 2021 Exercise of share options