The share-based incentive programme resolved by the 2013 Annual General Meeting under which 13 members of senior management would be offered to acquire up to 169 000 call options on repurchased class B shares has been fully subscribed.
The call options will be conveyed at a price of SEK 10.00 per call option, equivalent to the market value according to a valuation performed by Nordea Bank. The redemption price of the call options amounts to SEK 101.90 per share, equivalent to 120 percent of the volume-weighted average of the market price paid for the shares during the period from 23 August 2013 to 5 September 2013, inclusive. The redemption period is between 12 September 2016 and 9 June 2017, inclusive.
Stockholm, 11 September 2013
B&B TOOLS AB (publ)
For further information, please contact:
Ulf Lilius, President & CEO, B&B TOOLS AB, Tel. +46-8-454 77 00
Mats Karlqvist, Head of Investor Relations, B&B TOOLS AB, Tel. +46 70 660 31 32
B&B TOOLS is required to disclose the above information in accordance with the Swedish Securities Markets Act, the Swedish Financial Instruments Trading Act or the regulations for issuers on NASDAQ OMX Stockholm. This information was submitted for publication on 11 September 2013 at 08:00 a.m.
B&B TOOLS Logo