FLSmidth have made an announcement to the Danish Financial
Supervisory Authority that, following the presentation of the company’s 3Q12 results, it plans to allocate share options to 50 key employees. The chosen employees, who will be granted 116 900 share options, are not otherwise compromised by the Group’s normal share option plan. The choices have been made based on the idea these employees are considered to be especially capable of supporting value creation within the group.
The exercise period is November 2015 – November 2018, and the exercise price is DKK311, calculated as the average closing price on NASDAQ OMX during the first five business days after presentation of FLSmidth’s Q312 financial statements. Based on a twelve-month historical volatility of 35.48%, the Black-Scholes value amounts to DKK 10 million. The options are covered by the company's holding of treasury shares.
Adapted from press release by Jack Davidson.
Read the article online at: https://www.worldcement.com/europe-cis/22112012/flsmidth_announce_share_allocations_3q12_results_753/