Options
In 1999, the Board of Directors adopted a stock option programme in Swedish Match. The purpose of the option programme was to further increase the involvement of employees in the Company and their ownership of it, to attract and motivate employees within the Company, and to generate incentives for employees that coincide with the interests of the shareholders.
Based on the results 2009, options to a maximum value of 29 MSEK was allotted in 2010 to 63 participants (the President and other members of the Group Management Team included). The options are freely transferable and are not conditioned on employment. The options can be exercised to acquire shares in the Company during the period March, 2013 up to and including February, 2015. The exercise price is 197.45 SEK corresponding to 120 percent of the average share price during a ten-day period after the published year-end report for 2009.
For further information see the AGM 2010 proposals,
Appendix 5 - Item 13 - Issue of call options and
Appendix 5 A - Swedish Match terms and conditions for call options 2010-2015.