Today, Amer Group Plc's Board of Directors has decided to increase the number of 2004 warrants to key employees of Amer Group. The total number of warrants granted to key employees thus rises to 290,900. The additional warrants were transferred because the growth and profitability targets set by the Board of Directors were achieved.
In accordance with the terms and conditions of the warrants, the 159,100 warrants now remaining unused will be automatically cancelled on December 31, 2005. 100,000 warrants remain to be used in connection with possible future acquisitions and other M&A arrangements.
