COPENHAGEN, Denmark, Jan. 30, 2006 (PRIMEZONE) -- In accordance with section 28 a of the Danish Securities Trading Act, TDC hereby report transactions, regarding leading employees and their close relatives, with TDC shares and related securities.
In connection with Nordic Telephone Company ApS' public tender offer for TDC the executive committee, members of the board of directors and their close relatives have sold shares, sold stock options and/or exercised stock options. The following pages contain a schematic of each person's transactions.
According to the guidelines established by the Danish Financial Supervisory Authority, the value for sale and exercise of rights to purchase shares (stock options) in the tables have been calculated on the basis of the official price of 396,03 of 25 January 2006, whereas the value for sale of shares has been calculated on the basis of the offer price from Nordic Telephone Company ApS of 382.
De facto, sale and exercise of stock options have taken place at prices below the price of 396,03. Besides, a survey of the stock options' purchase prices for a period from 1998 and until 2005 for certain persons, is contained in appendix 3 to the statement that the board of directors sent to the Copenhagen Stock Exchange on 2 December 2005. To avoid misunderstandings of each person's gain in connection with sale and exercise of stock options, in the following tables TDC has chosen to disclose the gain before transaction costs and tax regarding sale and exercise of stock options.
Each person's gain or loss in connection with sale of shares has not been disclosed in accordance with the guidelines established by the Danish Financial Supervisory Authority.
Please read the full release attached to the link below. http://hugin.info/2234/R/1031831/165787.pdf