• Skip to main content
  • Go to main navigation
  • Go to language selector
SearchFree text

Swedish Match
  • svenska
Close
  • Swedish Match websites

    • Image Bank
    • Swedish Match Brasil
    • Swedish Match Industries
    • Snus and Match Museum
  • Brand websites

    Smokefree

    • Swedish Match e-commerce service (SE)
    • General (US)
    • Longhorn (US)
    • Pinkerton Tobacco
    • Niqo Co.

    Lights

    • Cricket
    • Nitedals
    • Redheads
  • Other

    • Swedish Match Denmark
    • Swedish Match Norway
    • The Solstickan Foundation (SE)
  • Home
  • Our company More Less

    Our company

    • About us
    • Markets More Less
      • Our product categories and markets
    • Company history More Less
      • Svenska Tobaks AB
      • Svenska Tändsticks AB
      • Swedish Match AB
    • Corporate Governance More Less
      • Articles of association
      • AGM minutes
  • Our business More Less

    Our business

    • Smokefree More Less
      • Nicotine products and regulations
      • History of snus
      • Snus production
    • Cigars More Less
      • History of cigars
    • Lights
  • Sustainability More Less

    Sustainability

    • Strategy and approach
    • Materiality assessment More Less
      • Sustainable Tobacco Program
    • Code of Conduct More Less
      • Supplier Code of Conduct
      • Swedish Match North America Terms and Conditions
    • Sustainability information More Less
      • Environment
      • Compliance
      • Employees and social conditions
      • Human rights
    • Sustainability reporting
  • Investors More Less

    Investors

    • Share holdings
    • Financial reports
    • Debt information More Less
      • Debt programs
      • Outstanding bonds
  • Media More Less

    Media

    • Press releases and news
    • Swedish Match logotype
    • Images
    • Videos
    • Swedish Match Norway More Less
      • Our history
      • Sustainability
    • Media contacts
  • Snus and health More Less

    Snus and health

    • Our standpoint
    • Swedish Match Scientific Publications More Less
      • Our Scientific Publications
    • GOTHIATEK® More Less
      • GOTHIATEK® standard
    • The Swedish Experience
    • Research on snus
    • Smoking cessation
    • Snus and the Swedish Food Act
    • Nicotine More Less
      • Nicotine labeling of Swedish Match products
      • Snus, nicotine and nicotine addiction
    • Tobacco use More Less
      • Tobacco use in figures
  • Career More Less

    Career

    • Employee strategy
    • Our culture
    • Work environment
    • Diversity and non-discrimination
    • Competence development
    • Compensation and benefits
    • Vacant positions
    • Student
    • HR contacts
Our websites
Language:
  • English
  • svenska
Media
  • Press releases and news
  • Swedish Match logotype
  • Images
  • Videos
  • Swedish Match Norway
  • Media contacts
Swedish Match's logo
Press release; Mar 25, 1999 11:00 PM CET

Swedish Match introduces options program

To further increase their commitment to and ownership in the Company, the Board of Directors of Swedish Match has decided to introduce an options program for senior executives whereby they will be entitled to an annual allotment of call options for Swedish Match shares. The program will initially be offered to about 40 executives in senior management positions. The allotment of call options will depend on the total return on the Swedish Match share, relative to a selection of international tobacco companies, and on the improvement in earnings per share, which means that the senior executives and the shareholders in the Company will share identical incentives.

The maximum cost of the program to Swedish Match is approximately 15 MSEK, excluding social security expenses. To be entitled to the maximum allotment, the total return on the Swedish Match share must exceed the total average return on selected international tobacco companies by 20 percentage points, at the same time as earnings per share increase by more than 20 percent, compared with the average earnings per Swedish Match share during the preceding three years.

The options allotted will carry the right to purchase existing shares in Swedish Match, which means that there will be no dilution effect for the Company’s existing shareholders. The call options will be purchased on market terms from independent market players.

The program will be launched as of 1999, with the first possible allotment occurring one year later.

Swedish Match is an international group with headquarters in Stockholm, Sweden. The company manufactures a broad range of tobacco products, matches and disposable lighters which are sold in approximately 140 countries. Swedish Match is one of the world’s largest cigar manufacturers with a turnover in the cigar operations of 900 MSEK. Annual sales in 1998 amounted to approximately 8,200 MSEK. Swedish Match is listed on Stockholm Stock Exchange and on Nasdaq.


For further information, please contact:

Sven Hindrikes, Senior Vice President and Chiefoffice+46 8 658 02 82
Financial Officermobile+46 70 567 41 76
Göran Streiffert, Senior Vice President Human Resourcesoffice+46 8 658 04 78
 mobile+46 70 675 13 07
Bo Aulin, Senior Vice President, Secretaryoffice+46 8 658 03 64
and General Counselmobile+46 70 558 03 64
   
Boel Sundvall, Vice President, Investor Relationsoffice+46 8 658 01 73
 mobile+46 70 651 39 09

 


  • EN_135_0_19990326.doc
  • EN_135_1_19990326.pdf

Related documents

  • Presentations
  • CEO comment
  • Annual General Meeting
Home / Media / Press releases and news / Swedish Match introduces options program

Contact us

  • Media contacts
  • HR contacts
  • Consumer contact

Find us

  • Headquarters
  • Sales office
  • Factory
  • Distribution
  • Store
  • Research & Development
  • All addresses
Map

Corporate headquarters

Phone: +46 10 13 93 000

Sveavägen 44
SE-118 85 Stockholm

Corporate headquarters
Swedish Match

Swedish Match AB
SE-118 85 Stockholm

Phone +46 10 13 93 000
Corporate reg no. 556015-0756

About the website

  • Sitemap
  • Site policy
  • Privacy notice
  • Information about cookies
  • Legal responsibility

Find information

  • Search
  • FAQ
  • Archive