Actavis Group hf. (“ACT”) has paid the managers and other employees of the
Company all outstanding option rights in the Company. The option agreements
covered rights to purchase 29.996.444 shares in the company. The payment to
the employees is calculated as the difference in purchase price of each option
agreement and the takeover bid price offered by Novator, i.e. 1.075 EUR per
share. Based on this payments to the EVP´s of the Company amount to EUR
6,148,238 and the total sum of payments to other employees is EUR 10,430,656.
Further breakdown of the option payments to the Management is as follows: See
attachment.
For further information please contact:
Árni Hardarson, by phone +354 550 3300 / +354 840 7462 or by e-mail
ahardarson@actavis.com
