The announcement is based on the allotments which SimCorp A/S has concluded to the company’s Board of Directors in connection with the company’s annual general meeting held on 31 March 2014. The SimCorp shares will be transferred to the members by one fourth in each quarter, first time at the end of June 2014. The directors must keep the shares for minimum one year after the transfer has taken place, provided, however, that they remain members of the Board of Directors of SimCorp A/S throughout this period.
Further, in accordance with the remuneration policy approved by the shareholders, the Board of Directors on 31 March 2014 has granted restricted stock units. The restricted stock units will vest after three years, subject to continuing employment. Furthermore, the acquirement of the restricted stock units is subject to conditions with respect to average annual minimum revenue growth and annual average net operating profit after tax for a three-year period. If the two last conditions are only partially satisfied, the number of shares transferred after three years will be reduced.
Shares:
| Name | Position | Allocation date | Transaction type | Number of shares | Value (DKK) |
| Jesper Brandgaard | Chairman | 01.04.2014 | Allotted shares | 1,459 | 320,936 |
| Peter Schütze | Vice-chairman | 01.04.2014 | Allotted shares | 875 | 192,474 |
| Simon Jeffreys | Board member/ Chairman audit committee | 01.04.2014 | Allotted shares | 875 | 192,474 |
| Hervé Couturier | Board member | 01.04.2014 | Allotted shares | 584 | 128,462 |
| Patrice McDonald | Board and audit committe member | 01.04.2014 | Allotted shares | 729 | 160,358 |
| Jacob Goltermann | Board and audit committe member | 01.04.2014 | Allotted shares | 729 | 160,358 |
| Raymond John | Board member | 01.04.2014 | Allotted shares | 584 | 128,462 |
Restricted Stock Units:
| Name | Position | Allocation date | Transaction type | Number of shares | Value (DKK) |
| Klaus Holse | Chief Executive Officer | 01.04.2014 |
Allotted restricted stock units |
11,554 | 2,541,533 |
| Georg Hetrodt | Chief Technology Officer | 01.04.2014 |
Allotted restricted stock units |
6,676 | 1,468,520 |
| Thomas Johansen | Chief Financial Officer | 01.04.2014 |
Allotted restricted stock units |
6,226 | 1,369,533 |
The shares are traded at NASDAQ OMX Copenhagen.
Questions regarding this announcement may be addressed to Thomas Johansen, CFO, SimCorp A/S (+45 3544 8800).
SimCorp A/S