April 25, 2018 at 12:30 PM CEST

Incentive scheme

Release no. 14/2018

 

To strengthen Columbus A/S's results and value creation for the company's share­holders, and to attract, retain and motivate senior executives, and other key employees in Columbus and iStone, the Board of Directors has decided to exercise the authorization in Art. 5 in the Company's Articles of Association and grant warrants amounting to a total value of DKK 8,137,500 (nom.) in Columbus A/S.

 

The issue of warrants is in accordance with the Company's remuneration policy, incl. guidelines for incentive programs which were adopted at the Company's Annual General Meeting on 24 April 2018.

 

The exercise price is based on the average quoted share price in the 14 trading days prior to the grant date.

Share warrants based on employment:
Period Right to subscribe shares at DKK 1.25 (nom.) per share Conditions
April 25th 2018 — December 31st 2018: 2,170,000 shares at 15.08 DKK  per share Employment in Columbus A/S at December 31st 2018
January 1st 2019 — December 31st 2019: 2,170,000 shares at 15.08 DKK  per share Employment in Columbus A/S at December 31st 2019
January 1st 2020 — December 31st 2020: 2,170,000 shares at 15.08 DKK  per share Employment in Columbus A/S at December 31st 2020

 

The warrants are granted to senior executives and other senior employees contingent on employment in the company in the below-mentioned vesting periods. 

 

The share warrant scheme will not be adjusted in the event of changes in capital.

 

If all warrants are exercised, the total capital increase will amount to DKK 8,137,500 (nom.), corresponding to 6,510,000 shares of DKK 1.25.

 

The exercise periods are scheduled to the first 14 days after publication of the company's first financial statements succeeding expiry of the relevant vesting periods. The first exercise period is scheduled to the first 14 days after publication of the company's financial statements for 2018. The second exercise period is scheduled to the first 14 days after publication of the company's financial statements for 2019. The third exercise period is scheduled to the first 14 days after publication of the company's financial statements for 2020.

 

On the basis of Black & Scholes' calculation, the total market value forecast of the scheme is up to DKK 10,929,028 which will be expensed in 2018, 2019 and 2020.

 

Following the grant DKK 1,862,500 of the nominal value will remain of the Board's authorization to issue warrants.

Ib Kunøe
Chairman
Columbus A/S

 
Thomas Honoré
CEO & President
Columbus A/S
For further information, please contact:
CEO Thomas Honoré, T: +45 70 20 50 00.

 

Attachment

Shareholder Portal

As a shareholder you can access a wide range of investor information via the shareholder portal. View your shareholdings, request admission card for the Annual General Meeting, etc.

Link to shareholder portal


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Investor Contact

Shareholders, financial analysts, bank representatives, brokerage firms and other investment professionals may address investor specific inquiries directly to:

 

Hans Henrik Thrane
CFO, Columbus

E-mail: hht@columbusglobal.com
Phone: +45 70 20 50 00