STOCK EXCHANGE ANNOUNCEMENT
31 March 2008
IC Companys A/S - Allocation of stock options
The Board of Directors has granted 100,000 stock options to CEO Niels
Mikkelsen and 30,000 stock options to CFO Chris Bigler due to their
appointment to the Executive Board of IC Companys.
Stock options to Niels Mikkelsen
The Board of Directors has made the decision to allocate 100,000
stock options to CEO Niels Mikkelsen.
The granted stock options give admittance to - in immediate
continuation of the company's release of the annual report for
2008/09, 2009/10, 2010/11, 2011/2012 and 2012/13 - against payment in
cash - to buy 20,000 shares annually.
Stock options that have not been exercised in one year can be
exercised the following two years. In case the employment is
terminated, all un-exercised options will lapse.
The exercise price for the stock options has been set as the highest
rate of the closing price for the company's share on OMX on 31 March
2008 and the average of the closing price in the five previous
business days.
A five per cent rate of return will be added annually and charged the
first time on 31 March 2009.
The market value of the stock options granted to Niels Mikkelsen will
- by the use of the Black & Scholes model, and under the assumption
of an exercise price of DKK 180, a volatility of 25 per cent annually
and a risk-free rate of return of 4.15 per cent annually - be
assessed to DKK 2.5 million.
Stock options to Chris Bigler
The Board of Directors has also decided to allocate 30,000 stock
options to Chris Bigler.
The granted stock options give admittance to - in immediate
continuation of the company's release of the annual report for
2007/08, 2008/09 and 2009/10 - against payment in cash - to buy
10,000 shares annually.
Stock options that have not been exercised in one year can be
exercised the following two years. In case the employment is
terminated, all un-exercised options will lapse.
The exercise price is calculated by application of the method above.
The market value of the stock options to Chris Bigler can - by the
use of the Black & Scholes model, and under the assumption of an
exercise price of DKK 180 a volatility of 25 per cent annually and a
risk-free rate of return of 4.15 per cent annually - be assessed to
DKK 0.7 million.
The fair value of the programmes will be recognised in the profit and
loss account over the term of the plan.
For further information please contact the undersigned at +45 40 14
66 22.
IC Companys A/S
Niels Martinsen
Chairman of the Board of Directors
This announcement is a translation from the Danish language. In the
event of any discrepancy between the Danish and English versions. the
Danish version shall prevail.
IC Companys A/S - Raffinaderivej 10 - DK 2300 Copenhagen S - tel. +45
3266 7788 - fax +45 3266 7703 - CVR no. 62 81 64 14 ho@iccompanys.com
- www.iccompanys.com
