IC Companys – Annual Report 2008/09 0 - IC Companys A/S

Each stock option entitles the holder to acquire one existing share of DKK 10 nominal value in the Company. The
stock option plan entitles the holders to buy 0.2% of the share capital if all stock options are exercised.
The stock options granted give admittance to – in immediate continuation of the Company’s release of the Annual
Report for 2008/09, 2009/10 and 2010/11 – against payment in cash – to buy 10,000 shares annually.
The stock options were issued at an exercise price equivalent to DKK 113.0 with an additional 5% per annum calculated
from 12 October 2008. Stock options unexercised for one year can be exercised the following two years.
The stock options shall lapse at the discontinuation of employment.
The options may only be settled in shares. A part of the Company’s holding of treasury shares is reserved for settlement
of the options granted.
Stock option grants previous years
In the spring of 2008, stock options were granted to the Executive Board (2 persons). As at 30 June 2008, the
stock option programme consists of 130,000 outstanding stock options.
Each stock option entitles the holder to acquire one existing share of DKK 10 nominal value in the Company. The
stock option plan entitles the holders to buy 0.8% of the share capital if all stock options are exercised.
The stock options granted give the Group’s Chief Executive Officer admittance to, in immediate continuation of
the company’s release of the Annual Report for 2008/09, 2009/10, 2010/11, 2011/2012 and 2012/13 against
payment in cash to buy 20,000 shares annually.
The stock options granted give the Group’s Chief Financial Officer admittance to, in immediate continuation of the
company’s release of the Annual Report for 2007/08, 2008/09 and 2009/10 – against payment in cash – to buy
10,000 shares annually.
The options were issued at an exercise price corresponding to DKK 180.0 and 5% per annum is added to the exercise
price calculated from 31 March 2008. Unexercised options from one year can be transferred to the two
subsequent years. In the event of termination of employment, all exercised stock options will lapse.
The options may only be settled in shares. A part of the Company’s holding of treasury shares is reserved for settlement
of the options granted.
In September 2007, 66 executives and key employees were granted stock options. The grant is performance
based and calculated on a proportion from 10% - 30% of the wage of the individual employee which by means of
the Black & Scholes formula will grant a specific number of stock options to the employee in question. The total
grant constituted 237,769 stock options that each entitles the holder the right to acquire one existing share at
DKK 10 nominal value. 53,464 stock options are since the start of the programme lapsed as a result of discontinuation
of employment. As at 30 June 2009, the stock option programme thus comprises 184,305 outstanding
stock options.
Each stock option entitles the holder to acquire 1.1% of the share capital if all stock options are exercised.
The stock options were issued at an exercise price of DKK 329.39 per share with an added 5% per annum calculated
from 13 September 2007.
The stock options may not be used before the release of the Annual Report for 2009/10 and no later than after
the release of the Annual Report for 2012/13.
The options may only be settled in shares. A part of the Company’s holding of treasury shares is reserved for settlement
of the options granted.
In the spring of 2005, stock options were granted to the former Executive Board (2 persons). As at 30 June 2009,
the stock option programme consists of 20,000 stock options, as 40,000 stock options were unexercised in
2008/09.
Each stock option entitles the holder to acquire one existing share of DKK 10 nominal value in the Company. The
stock option plan entitles the holders to buy 0.1% of the share capital if all stock options are exercised.
IC Companys – Årsrapport 2008/09
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