It has been decided to grant a total of 5,000 share options to two newly
employed members of the group management. The granting of the options will take
place within 30 days of today.
Each option corresponds to one share. The exercise value will be calculated so
that it corresponds to the average price quoted on the OMX Nordic Exchange
Copenhagen during the past five days prior to granting the options, with an
annual increase of 4% less distributed dividend. The options may be exercised
during a period of 3-5 years after the date of granting of the options,
provided that the holder of the options has not resigned from his job in the
Glunz & Jensen group at the time of exercise.
The market value of the granted share options is DKK 55,000 based on the
Black-Scholes model for valuation of options (volatility 30%, interest 4% and
dividend of DKK 0).
Ringsted, 1 October 2007
Peter Falkenham René Barington
Chairman of the Board CEO
