Company Announcement to the Danish Financial Supervisory Authority No.
19-2014, 22 August 2014
As announced in the Half-Yearly Report on 13 August 2014, the Board of Directors
for FLSmidth & Co. A/S has decided to grant new share options to the Executive
Management and key staff (99 persons).
The share options total 593,785 of which the Executive Management will receive
116,102 options. The exercise period is 2017-2020 and the exercise price is DKK
325.2, calculated as the average closing price for the first five trading days
following the announcement of the Half-Yearly Report 2014 plus a hurdle rate of
Based on a one year historical volatility of 29.5%, the Black-Scholes value
amounts to DKK 33m. The share option plan will affect this year's result by DKK
FLSmidth will purchase 465,000 shares in the market to cover the share option
For further information about FLSmidth, please visit www.flsmidth.com.
Pernille Friis Andersen
Corporate Communications & Investor Relations
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