STOCKHOLM, Sweden, Feb. 6, 2002 (PRIMEZONE) -- Sapa AB's Extraordinary General Meeting in Stockholm approved the proposal from the Board to authorize the issue of maximum 750,000 stock options based on existing shares in the company. This offer is proposed to include about 60 key employees in Sapa. The offer will consist of a maximum of 40,000 options per person.
The exercise price was set at SEK 188, which is 125 percent of the average share price during a period in connection with the Extraordinary General Meeting. The options will be allotted without compensation and have a duration of about three years.
Sapa is an international industrial group focused on high value-added products based on the lightweight materials aluminum and plastics. The products include profiles and heat-transfer strip in aluminum to components and systems in plastics for the automotive industry. Sapa has a turnover of more than 12 billion SEK with 6,700 employees all over Europe and in U.S.A. and China. Sapa is one of Europe's leading companies within its field and the customers are found in the transport, building, engineering and telecom industries. Sapa is registered on the A-list of the OM Stockholm Exchange.
Further information about Sapa can be found on our web site; www.sapagroup.com