HEXAGON PRIMARY BUSINESSES
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In September 2015, a warrants programme was implemented for Group and Divisional management, Senior managers and Key employees. Under the programme, 10,000,000 subscription warrants entitling to subscription for the corresponding number of new shares of series B in Hexagon AB were issued to Hexagon Förvaltning AB, a wholly owned subsidiary, and offered for sale to participants of the programme.
163 group managers, division managers, senior managers and key employees in the Group purchased 7,107,660 warrants:
The strike price for subscription of shares upon exercise of the transferred warrants was determined to 347.80 SEK. The warrants were valued by an independent institute in accordance with the Black-Scholes model and were acquired by the participants at market value.
The warrants may be exercised during 1 June 2018 - 31 December 2019.
Remaining subscription warrants, that have not been transferred, have been reserved for future appointments and recruitments of persons within the above eligible categories in the Group. The programme is expected to lead to an increased interest in the company's development and the share price.
For further information, please contact:
Maria Luthström, Investor Relations Manager, Hexagon AB, +46 8 601 26 27, email@example.com
Investor Relations Manager
Phone: +46 8 601 26 27