Nobia to transfer treasury shares

The Board of Directors of Nobia has decided to transfer bought-back shares based
on the authorisation granted by the 2014 Annual General Meeting and for the
purpose of delivering shares under the employee share option scheme decided at
the 2011 Annual General Meeting.
Nobia’s Annual General Meeting, held on 9 April 2014, authorised the Board of
Directors, on one or several occasions only until the 2015 Annual General
Meeting, to resolve to transfer bought-back shares for purposes including
ensuring delivery of shares in connection with the implementation of the Group’s
long-term employee share option schemes and performance share plans.
The employee share option scheme resolved at Nobia’s 2011 Annual General Meeting
encompasses approximately 100 senior executives. Under the conditions of the
scheme, each employee share option carries entitlement to the acquisition of one
Nobia share during the period from and including 31 May 2014 up to and including
31 December 2015 at a predetermined exercise price of SEK 54.10. The right to
utilise these employee share options requires that the holder remains an
employee of Nobia and that average annual increase in the company’s earnings per
share, adjusted for restructuring costs, during the 2011-2013 fiscal years,
compared with the average for the 2009 and 2010 fiscal years, is at least 5.0
per cent and a maximum of 15.0 per cent. Maximum allotment was achieved.
The number of shares that will be transferred during the period until the 2015
Annual General Meeting for the purpose of fulfilling the aforementioned employee
share option scheme is based on the number of employee share option that will
actually be utilised. However, this figure will not exceed 1,035,000, which is
the number of outstanding employee share options on the date of this press
release. Sales of treasury shares will take place at a price of SEK 54.10 per
share.
On the date of this press release, Nobia holds 8,162,300 treasury shares and the
total number of shares in the company amounts to 175,293,458.
For information regarding the implementation of the transfer of bought-back
shares, refer to http://www.nasdaqomx.com/transactions/markets/nordic/corporate
-actions/stockholm/repurchases-of-own-shares.
For further information:
Lena Schattauer, Head of Investor Relations
+46 (0)8 440 16 07 or +46 (0)705 95 51 00
lena.schattauer@nobia.com
Nobia develops and sells kitchens through some twenty strong brands in Europe,
including Magnet in the UK; Hygena in France; HTH, Norema, Sigdal, Invita and
Marbodal in Scandinavia; Petra, Parma and A la Carte in Finland; ewe, Intuo and
FM in Austria, as well as Poggenpohl globally. Nobia generates profitability by
combining economies of scale with attractive kitchen offerings. The Group has
approximately 6,600 employees and net sales of about SEK 12 billion in 2013. The
Nobia share is listed on the NASDAQ OMX Stockholm under the ticker NOBI.
Website: www.nobia.com.