IC COMPANYS A/S
COMPANY ANNOUNCEMENT
In connection with the Annual Report 2013/14 it was announced that the members
of the Executive Board; Group CEO Mads Ryder and Group CFO Rud Pedersen had
been granted warrants at a value corresponding to 19.7% of their fixed annual
salary.
The final number of warrants granted is based on the IC Companys share’s
closing price on 21 August 2014. Consequently, Mads Ryder has been granted
25,299 warrants and Rud Pedersen has been granted 12,649 warrants corresponding
to a total capital increase of DKK 379,480 in nominal value.
The warrants will be issued at an exercise price of DKK 182 corresponding to
the Company’s closing price of the share at NASDAQ OMX Copenhagen on 21 August
2014.
Furthermore, the calculation has been based on a volatility rate of 34.3% and a
risk-free interest rate of 0.36% by use of the Black & Scholes model.
Calculation of the applied volatility rate is based on the average daily
closing price during the last three financial years. The price calculation
period corresponds to the minimum time frame of the granted warrant programme.
Based on previous experiences, the time of exercise is expected to occur in the
middle of the exercise period, and consequently a duration period of 4 years is
applied in the calculation.
For further description of terms and conditions for grant and exercise of the
warrants, we refer to the Annual Report 2013/14.
IC COMPANYS A/S
Rud T. Pedersen
Group CFO
PLEASE DIRECT ANY QUESTIONS REGARDING THIS ANNOUNCEMENT TO:
Jens Bak-Holder
IR Manager
Phone: +45 3266 7093
