Incentive scheme for senior executive
Incentive scheme for senior executive
May 6, 2009 at 3:42 PM CEST
A senior executive has been granted an incentive scheme containing a share warrant scheme. The share warrant scheme is granted at the market share price. The share warrant scheme is contingent on employment in the company. The share warrant scheme will not be adjusted in the event of capital increase. Share warrants based on employment: Period Right to buy shares at DKK 1.25 (nom.) per share Conditions May 1st 2009 - December 31st 2009: 50,000 shares at DKK 2.51 per share Employment at Columbus IT Partner A/S at December 1st 2009 May 1st 2009 - December 31st 2010: 50,000 shares at DKK 2.51 per share Employment at Columbus IT Partner A/S at December 1st 2010 May 1st 2009 - December 31st 2011: 50,000 shares at DKK 2.51 per share Employment at Columbus IT Partner A/S at December 1st 2011 The granted share warrants are vested per month of employment/attachment from the time of granting. The exercise periods are scheduled to the first 21 days after publication of the company's first financial statements succeeding expiry of the vesting periods in question. The first exercise period is scheduled to the first 21 days after publication of the company's financial statements 2009. The second exercise period is scheduled to the first 21 days after publication of the company's financial statements 2010. The third exercise period is scheduled to the first 21 days after publication of the company's financial statements 2011. On the basis of Black & Scholes' calculation, the total market value forecast of the scheme is up to DKK 0.1M which will be expensed in 2009, 2010 and 2011. Ib Kunøe Claus E. Hansen Chairman of the Board Chief Executive Officer Columbus IT Partner A/S Columbus IT Partner A/S Contact for further details: CEO Claus E. Hansen, or CFO Heine Thorsgaard, T: (+45) 70 20 50 00. Translation: In the event of any inconsistency between this document and the Danish language version, the Danish language version shall be the governing version.