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 and related parties.
In 2010, the Board of Directors granted share options to executive management employees, and a number of these employees are now exercising their respective options. At the date of grant in 2010, the exercise price was fixed at DKK 370.04. Settlement price in 2014 is determined at DKK 441.64.
Solar announces the transactions below under ID code DK0010274844 Solar B based on the reports given to Solar. All transactions relate to the exercise of share options (cash settlement).
Group CFO Michael H. Jeppesen has exercised 1,772 share options, equating cash settlement of DKK 126,875.
Present and former members of the Solar Management Team have exercised a total of 7,598 share options, equating total cash settlement of DKK 544,017.
There are now no more share options outstanding from the grant year 2010.
Yours faithfully
Solar A/S
Charlotte Risskov Kræfting
Facts about Solar
Solar A/S was established in 1919 and listed on the Copenhagen Stock Exchange in 1953. Solar is one of Northern Europe’s leading sourcing and services companies within electrical, heating, plumbing and ventilation products. The group, based in Kolding, Denmark, has subsidiaries in Denmark incl. the Faroes, Sweden, Norway, the Netherlands, Belgium, Germany, Poland and Austria. In 2013, Solar Group revenue totalled € 1,531.5m, equating DKK 11.4bn. The group currently has some 3,300 employees. For more information, please visit: www.solar.eu.
Disclaimer
This announcement was published in Danish and English today via NASDAQ OMX Copenhagen. In case of any discrepancy between the two languages, the Danish version shall prevail.
