Share option programme for leading employees
18 Mar 2009
We refer to company announcement No 9 dated 10 March 2009 regarding the option programme for leading employees. In this announcement, an estimated theoretical Black-Scholes value of granted options was provided.
The exercise price of the options granted on 10 March 2009 has now been determined.
The theoretical Black-Scholes value of each option can therefore now be determined as DKK 42.83. The calculation is based on the following assumptions: that all options are exercised at the earliest time possible, a volatility of 59.4%, an annual dividend rate of DKK 10 per share, and a risk free interest rate of 2.21%.