The Annual General Meeting of Indutrade AB resolved on 28 April 2014 in
accordance with the Board of Director’s proposal to implement an incentive
programme, LTI 2014, comprising a maximum of 460,000 warrants, issued in two
series for senior executives and other key employees within the Indutrade group.
Indutrade’s wholly-owned subsidiary C & M Plast AB was entitled subscribe for
the warrants, after which the subsidiary subsequently subscribed for all
warrants.
In accordance with the Annual General Meeting’s resolution and a resolution by
the Board of Directors on 28 May 2014, the participants acquired a total of
257,500 warrants of Series I for in aggregate SEK 3,914,000.
The Board of Directors resolved on 31 October 2014 to offer 13 additional
participants to acquire no more than 80,000 warrants of Series II. The
acquisition period for Series II ended on 14 November 2014 and the transfer from
C & M Plast AB was completed on 24 November 2014. Under Series II of LTI 2014,
participants have acquired a total of 27,500 warrants for in aggregate SEK
319,000.
Accordingly, the number of warrants of Series I and Series II acquired by the
participants under LTI 2014 totals 285,000. Each warrant entitles a right to
subscribe for one share in Indutrade as from the registration of the warrants up
to and including Friday, 18 May 2018, during specified subscription periods. The
maximum dilution amounts to 0.7 per cent of the shares and votes in Indutrade.
The acquisition price for the warrants of Series II has been determined to SEK
11.60 per warrant, corresponding to the market price. The subscription price for
subscription of Indutrade shares under the warrants of Series II has
subsequently to the measurement period 3 November 2014 – 14 November 2014 been
set to SEK 350.00 per share.
Stockholm, 25 November 2014
Indutrade AB (publ)
For further information, please contact: Johnny Alvarsson, President and CEO: 46
70 589 17 95
About Indutrade
Indutrade markets and sells components, systems and services with a high-tech
content within selected niches. Indutrade's business is distinguished by
- high-tech products for recurring needs
- growth through a structured and tried-and tested acquisition strategy
- a decentralised organisation characterised by an entrepreneurial spirit.
The Group is organised into five business areas: Engineering & Equipment, Flow
Technology, Fluids & Mechanical Solutions, Industrial Components and Special
Products. Indutrade's sales totalled SEK 8,831 million in 2013, generating
operating income of SEK 990 million before depreciation of intangible assets.
Indutrade is listed on the Nasdaq OMX Stockholm.
