Under Section 28a of the Danish Securities Trading Act, Solar is required to report any trading in Solar A/S shares and related securities of supervisory or executive board members, Solar Management Team members and related parties.
In 2009, the Supervisory Board granted share options to the Group CEO and management team.
The Group CEO’s options are only exercisable in 2012; however, exercise must take place within the first 10 banking days following the date of publication of the company’s 2011 annual report. The management team’s options are exercisable in 2012 and 2013; however, exercise must take place within the first 10 banking days following the date of publication of the company’s 2011 and 2012 annual reports, respectively.
At the date of grant in 2009, the exercise price was fixed at DKK 148.53. Settlement price in 2012 is determined at DKK 314.27.
Solar announces the transactions below under ID code DK0010274844 Solar B based on the reports the persons in question have given Solar. All transactions relate to the exercise of share options (cash settlement).
| Name | Reason / relation | No. | Cash settlement in DKK |
| Executive Board | |||
| Flemming H. Tomdrup | Group CEO | 10,099 | 1,673,808 |
|
Solar Management Team |
|||
| Lars Goth | Corporate Supply Chain Director | 4,359 | 722,460 |
| Heidrun Marstein | Corporate HR Director | 3,737 | 619,370 |
| Søren Larsen | CED, Solar Danmark | 6,847 | 1,134,821 |
| Jan Willy Fjellvær | CED, Solar Norge | 5,180 | 858,533 |
| Frans Soulier | CED, Solar Nederland | 5,772 | 956,651 |
| Dariusz Targosz | CED, Solar Polska | 1,380 | 228,721 |
Former member of the Solar Management Team
Former members of the Solar Management Team have exercised a total of 12,656 share options, equating total cash settlement of DKK 2,097,605.
This means that 8,718 share options outstanding remain from the grant year 2009.
Yours faithfully
Solar A/S
Charlotte Risskov Kræfting
Solar facts
Solar A/S was established in 1919 and listed on the Copenhagen Stock Exchange in 1953. Solar is one of Northern Europe’s leading technical wholesalers within electrical, heating, plumbing and ventilation products. The group based in Kolding, Denmark, has subsidiaries in Denmark incl. the Faroe Islands, Sweden, Norway, the Netherlands, Belgium, Germany, Poland and Austria.
Furthermore, Solar owns Aurora Group, a leading Scandinavian distributor of accessories for consumer electronics that operates in Denmark, Sweden, Norway and Finland. In 2011, Solar Group revenue totalled € 1,532.4m, equating DKK 11.4bn. The group has approximately 3,600 employees.
For further information, please visit: www.solar.eu.
