20% - Assa Abloy

Convertible debentures for personnel
ASSA ABLOY has issued several convertible debentures to
employees in the Group.
The first debenture was issued in 1995 and approximately
400 employees participated in the issue. The
debenture amounted to approximately SEK 75 M and
expired in 2000. The second debenture was issued in 1997.
A total of 1,400 employees participated in this issue. The
debenture amounted to SEK 250 M and expired in 2002.
In 2001, a convertible debenture amounting to EUR
100 M was issued. This program expired in November
2006 and no conversion took place.
In 2004, it was decided to launch an incentive program,
Incentive 2004. This program amounts to a total of EUR 100
M and is based on four series of convertible bonds, each
series having a par value of EUR 25 M. The only difference
between the series of bonds is the conversion price. On full
conversion, at a conversion price of EUR 10.20 for Series 1,
EUR 12.20 for Series 2, EUR 14.30 for Series 3 and EUR 16.30
for Series 4, an additional 7,782,155 shares would be created.
Any conversion of Incentive 2004 will take place in a
90-day period between March and June 2009.
In 2006, it was decided to launch an incentive program
for senior managers, Incentive 2006. This program
Financial analysts who follow ASSA ABLOY
Company Name Telephone number E-mail
The ASSA ABLOY share
95
amounts to a total of EUR 38.4 M and is based on four
series of convertible bonds, each series having a par value
of EUR 9.6 M. Any conversion of Incentive 2006 will take
place in a 180-day period between December 2010 and
June 2011. On full conversion, at a conversion price of EUR
14.60 for Series 1, EUR 15.90 for Series 2, EUR 17.30 for
Series 3 and EUR 18.60 for Series 4, an additional
2,332,350 shares would be created.
In 2007, it was decided to launch a new incentive program,
Incentive 2007. This program amounts to a total of
EUR 100 M and is based on four series of convertible
bonds, each series having a par value of EUR 25 M. Any
conversion of Incentive 2007 will take place in a 30-day
period in May and June 2012. On full conversion, at a conversion
price of EUR 18.00 for Series 1, EUR 20.50 for Series
2, EUR 23.00 for Series 3 and EUR 25.40 for Series 4, an
additional 4,679,610 shares would be created.
Full conversion of Incentive 2004, 2006 and 2007
would create an additional 14,794,115 shares, which
would have a dilutive effect of 3.9 percent on the share
capital and 2.6 percent on the total number of votes.
Approximately 2,500 employees in around 15 countries
are participating in the current incentive programs.
ABG Sundal Collier Christer Fredriksson +46 8 566 286 25 christer.fredriksson@abgsc.se
ABN AMRO Klas Bergelind +46 8 5723 6030 klas.bergelind@se.abnamro.com
Bear Stearns International Nico Dil +44 20 7516 5405 ndil@bear.com
Carnegie Anders Idborg +46 8 676 86 88 andidb@carnegie.se
Cheuvreux Lars Norrby +46 8 723 51 76 lnorrby@cheuvreux.com
Credit Suisse Patrick Marshall +44 20 7888 0289 patrick.marshall@credit-suisse.com
Danske Bank Henrik Breum +45 33 44 09 04 hbre@danskebank.com
Deutsche Bank Johan Wettergren +46 8 463 55 18 johan.wettergren@db.com
Dresdner Kleinwort Colin Grant +44 20 7475 9161 colin.grant@dkib.com
Goldman Sachs James Moore +44 20 7774 1515 james.moore@gs.com
Handelsbanken Capital Markets Peder Frölén +46 8 701 12 51 pefr15@handelsbanken.se
HQ Bank Patric Lindqvist +46 8 696 20 84 patric.lindqvist@hq.se
HSBC Colin Gibson +44 20 7991 6592 colin.gibson@hsbcib.com
JP Morgan Nick Paton +44 20 7325 5044 nicholas.j.paton@jpmorgan.com
Kaupthing Bank Henrik Fröjd +46 8 791 46 32 henrik.frojd@kaupthing.com
Merrill Lynch Ben Maslen +44 20 7996 4783 ben_maslen@ml.com
Morgan Stanley Gustaf Lindskog +44 20 7425 2057 gustaf.lindskog@morganstanley.com
SEB Enskilda Julian Beer +46 8 522 296 52 julian.beer@enskilda.se
Société Générale Roderick Bridge +44 207 7672 5086 roderick.bridge@sgcib.com
Swedbank Markets Niclas Höglund +46 8 5859 1800 niclas.hoglund@swedbank.se
UBS Olof Cederholm +46 8 453 73 06 olof.cederholm@ubs.com