|
|
|
| Year implemented |
Number
of
warrants |
Number of
employee
stock options |
Proportion of
share capital if
fully subscribed |
Proportion of
votes if fully
subscribed |
Subscription
price |
Exercise
period |
|
| 2006 |
|
287,252 |
0,97% |
0,47% |
39,251) |
2009-03-31
2011-03-31 |
| 2009A 3) |
325,000 |
- |
1,05% |
0,50% |
33,95 |
2012-02-01
2012-03-31 |
|
| Total |
325,000 |
287,252 |
2,02% |
0,97% |
|
|
|
|
|
|
|
|
|
|
1) Corrected for share split (4:1) 02-04-2008
Share-based benefits
HL Display AB has through a wholly owned subsidiary, HL Financial Services
AB, 2007 and 2009 issued debentures with detachable warrants sold on
senior executives
within the group. The purpose of offering warrants is to
promote long-
term commitment to the company and to encourage seniorexecutives to
become future shareholders in the company. The term of
the warrants is
approximately three years, which the Board wishes to be
acknowledged as
an aim to gain warrant holders’ long-term commitment to the
company’s future. The options have been issued on commercial terms, defined
in accordance with the Black & Scholes model, and the purchase price was
paid in cash. The purchase price was subsidized at 40 percent over three years.
As allocations have been carried out according to market conditions and
no benefit has been gained from these programmes on the balance sheet date,
no accounting consequences according to IFRS 2 have arisen.
There was also an employee stock options programme issued in 2006 and
aimed at the CEO as part of his remuneration agreement when entering upon
office. This programme is reported in accordance with IFRS 2. April 30 2010, a warrant program from 2007 fell due.
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