STOCKHOLM, Sweden, May 22, 2002 (PRIMEZONE) -- Industrivarden has offered SSAB's management team the opportunity to purchase call options, at market terms, in 2002. The purpose of the offer is to encourage the management's participation in and commitment to the company.
A total of 32,590 call options have been purchased, of which 15,058 by CEO Anders Ullberg and a combined total of 17,532 by the other three members of the management team. Each option entitles the holder to purchase one share of SSAB's Class A stock at an exercise price of SEK 175 during the period May 21, 2002 - May 31, 2007. Handelsbanken Investment Banking has determined a market price for the options, which has been set at SEK 15.80 per option.
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