ABG Sundal Collier Holding ASA announced on 16th
February 2010 its annual share incentive program for
partners. Under the program, new or certain existing
partners are given the opportunity to acquire
restricted partner shares. The price of the shares
has been set and is based on the volume weighted
price for the last 30 days less a discount of 15%
reflecting the restrictions imposed on partner
shares. The price after the discount is NOK 6.33 per
share, but the shares will further be adjusted for
the proposed payment to shareholders of NOK 0.75 per
share for the year 2009, so that the shares will be
issued after the AGM to be held on April 29th.
The program for 2010 involves up to 20 million shares
either as current subscriptions at NOK 6.33 per share
or at a price of NOK 7.11 per share when covered by
forward contracts for settlement on June 1st 2013.
The share price will further be adjusted for the
proposed payment to shareholders of NOK 0.75 per
share for the year 2009.
Current and new partners within the firm will be
offered to subscribe for shares under the program.
The subscription period will be from today to March
9th. The final allocation will be decided and
announced as soon as completed, at latest March 10th.
Contacts:
CEO - Jan Petter Collier +47 22 01 60 00
CFO - Tore Grøttum +47 22 01 60 00