Incentive Scheme for Senior Executive
Incentive Scheme for Senior Executive
January 1, 2008 at 7:30 PM CET
Stock Exchange Release no. 1/2008 Incentive Scheme for Senior Executive A senior executive has been granted an incentive scheme containing a share warrant scheme. The share warrant scheme is granted at the market share prices. The share warrant scheme is based on two criteria: employment and results achieved. The share warrant scheme will not be adjusted for capital increases. Share warrants based on employment: Period Right to buy shares per DKK 1.25 (nom.) share Conditions January 1st - December 31st 2008: 100.000 shares at DKK 6.15 per share Employment at Columbus IT Partner A/S December 31st 2008 January 1st - December 31st 2009: 100.000 shares at share trading price on January 1st, 2009 Employment at Columbus IT Partner A/S December 31st 2009 Share warrants based on results achieved: Period Right to buy shares per DKK 1.25 (nom.) share Conditions January 1st - December 31st 2008: 0 - 120.000 shares at DKK 6.15 per share 1) Employment at Columbus IT Partner A/S December 31st 2008 2) Target for Group EBITDA for 2008 January 1st - December 31st 2009: 0 - 120.000 shares at share trading price on January 1st, 2009 1) Employment at Columbus IT Partner A/S December 31st 2009 2) Target for Group EBITDA for 2009 On the basis of a Black & Scholes' calculation, the scheme has a total forecast market value of DKK 0.8m. that will be expended in 2008 and 2009. Ib Kunøe Michael Gaardboe Chairman of the Board Chief Executive Officer Columbus IT Partner A/S Columbus IT Partner A/S Contact for further details: CEO, Michael Gaardboe 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.