Catella CEO erwirbt Optionsscheine
Catella’s President and CEO Knut Pedersen has today acquired 5,000,000 subscription warrants at a price of approximately SEK 5.3 M, which is based on the volume-weighted average price of the Catella share over the latest ten trading days. The options are included in the incentive scheme endorsed by the extraordinary general meeting held in February 2014.
The extraordinary general meeting held on 13 February 2014 resolved to issue a total of 7,000,000 subscription warrants, in three series with exercise in 4, 5 and 6 years, of which 5,000,000 for transfer to the company’s CEO and the remaining 2,000,000 for transfer to existing and future senior executives. Each warrant provides a right to subscribe for one new class B share in Catella AB.
The warrants have been transferred on market terms at a price established based on a calculated market value of the warrants at the time of transfer, applying the Black & Scholes valuation model.