| company announcement |
DFDS' share option programme is part of our aspiration to promote a performance culture that creates and rewards results.
Today, in accordance with DFDS' guidelines for the remuneration of the Board of Directors and the Executive Board as adopted by the Annual General Meeting on 21 March 2017, Niels Smedegaard, CEO, was awarded 58,497 share options and Torben Carlsen, CFO, was awarded 43,872 share options. In addition, a total of 150,423 share options was awarded to a number of key employees.
The share options vest with 1/36 per month from and including February 2019 and may be exercised in the period from February 2022 until February 2024. The exercise price is based on the average quoted share price in the 20 trading days prior to and including 6 February 2019 to which 10% has been added, giving an exercise price of DKK 335 per share of DKK 20 nominal value. The options are hedged against the company's own shareholding. The theoretical value of the share options is DKK 8.6m, calculated according to the Black-Scholes model as described in DFDS' most recent annual report.
Contact:
Torben Carlsen, CFO: +45 33 42 32 01
Søren Brøndholt Nielsen, IR: +45 33 42 33 59
