In accordance with the resolution in the ordinary annual general meeting held 8 June 2015, the Board of TTS Group ASA has been authorized to issue a maximum of 675,000 shares to leading employees in the TTS Group. The Board has decided to use this principle for allocation:
* CEO & President: 75,000 options
* Executive group management: 50,000 options (each)
* Extended group management: 25,000 options (each)
* Other executive management: 12,500 options (each)
The exercise price for the options is the closing price on 8(th) June, 2015
at 4.75 NOK per share. The options have a duration period to 8(th) June, 2017. The exercise price will be adjusted for possible future dividend payments.
The first possible exercise of the options is after the publication of the
1(st) quarter results in 2016, for a maximum of 50% of the options. Thereafter an additional 12.5% of the options may be exercised after publication of the results for the 2(nd), 3(rd) and 4(th) quarters, respectively, in 2016, and for the 1(st) quarter 2017, in addition to options that have not been exercised
earlier.
Bergen, 9 th June 2015
TTS Group ASA
Tel.: +47 55 94 74 00 / Fax: +47 55 94 74 01
http://www.ttsgroup.com
Contact persons:
Björn Andersson
CEO
M: +47 911 33 671
Henrik Solberg-Johansen
CFO
M: +47 982 06 438
Miao Reinlund
VP, Communications
M: +47 900 65 883