Nobia transfers treasury shares

Nobia is transferring treasury shares under the employee share option scheme
2011 and Performance Share Plan 2012.
Employee share option scheme 2011
The 2011 Annual General Meeting resolved on an employee share option scheme that
encompasses approximately 100 senior executives. Under the conditions of the
employee share option scheme 2011, each employee share option carries
entitlement to the acquisition of one Nobia share up to and including 31
December 2015 at a predetermined exercise price of SEK 54.10. The right to
exercise these employee share options requires that the holder remains an
employee of Nobia and that the 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 per
cent and a maximum of 15 per cent. Maximum allotment was achieved.
For the purpose of fulfilling the employee share option scheme 2011, the Board
has resolved, based on the authorisation to transfer treasury shares granted by
the 2015 Annual General Meeting, to transfer a maximum of 381,000 shares at a
price of SEK 54.10 per share for the period until the 2016 Annual General
Meeting.
Performance Share Plan 2012
Nobia’s 2012 Annual General Meeting resolved to transfer a maximum of 1,500,000
bought-back shares for the purpose of ensuring delivery of shares to
participants of the Performance Share Plan that was resolved at the same Annual
General Meeting. The Performance Share Plan 2012 encompasses some 100 senior
executives and is based on the participants investing in Nobia shares that are
“locked into” the Plan. Each Nobia share invested in under the framework of the
Performance Share Plan 2012 entitles the participant, following a vesting period
of about three years and provided that certain conditions are fulfilled, to
allotment (for no consideration) of matching and performance shares in Nobia.
No performance shares were allotted for the Performance Share Plan 2012 since
the established target was not met. In accordance with the Meeting’s resolution,
the matching shares under this Plan will be allotted to the participants after
the interim report for the first quarter of 2015. Accordingly, based on the
Meeting’s resolution, Nobia is transferring 135,147 matching shares to the
participants of the Performance Share Plan 2012. No consideration is paid for
this transfer.
Number of treasury shares
On the date of this press release, Nobia holds 7,383,153 treasury shares and the
total number of shares in the company amounts to 175,293,458.
For continuously updated information regarding Nobia’s transfers 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 Communication and Investor Relations
+46 (0)8 440 16 07 or +46 (0)705 95 51 00
lena.schattauer@nobia.com
Nobia develops and sells kitchen solutions through some twenty strong brands in
Europe, including Magnet in the UK, HTH, Norema, Sigdal, Invita and Marbodal in
Scandinavia and Petra and A la Carte in Finland, ewe, Intuo and FM in Austria,
as well as Poggenpohl globally. Nobia creates profitability by combining
economies of scale with attractive kitchen offerings. The Group has
approximately 6,200 employees and sales of about SEK 12 billion in 2014. The
share is listed on Nasdaq Stockholm under the ticker NOBI. Website:
www.nobia.com