ARCHIVED FORUM -- March 2012 to February 2022READ ONLY FORUM
This is the second Archived Forum which was active between 1st March 2012 and 23rd February 2022
See for yourself:
http://www.bang-olufsen.com/en/investors/company-announcements/other-notifications
Share price +30%...
--mika
And in other news:
BANG & OLUFSEN A/S ANNOUNCEMENT NO. 15.06 19 NOVEMBER 2015 TRANSLATION
Bang & Olufsen a/s' CEO, CFO and COO participate in Matching Shares Programme
Reference is made to company announcement no. 15.04 in which it is stated that the general meeting of Bang & Olufsen a/s on 10 September 2015 passed a resolution to amend the company's "General guidelines concerning incentive-based remuneration".
According to the General guidelines concerning incentive-based remuneration, Bang & Olufsen a/s has entered into a Matching Shares Agreement with CEO Tue Mantoni, CFO Anders Aakær Jensen and COO Stefan Kenth Persson, respectively.
Tue Mantoni participates in the Matching Shares Programme with 21,308 shares
Anders Aakær Jensen participates in the Matching Shares Programme with 8,394
shares
Stefan Kenth Persson participates in the Matching Shares Programme with 4,746
Each share under the Matching Shares Programme grants the participating members the right to receive 1-4 shares in the company (Matching Shares) provided that certain conditions have been fulfilled.
The theoretical market value of the members of the Management Board’s participation in the Matching Shares Programme has been estimated to a maximum amount of DKK 6,880,000 as at the date of grant. Please refer to the Company’s General guidelines concerning incentive-based remuneration for details on the theoretical market value and the details of the Matching Shares Programme.
The General guidelines concerning incentive-based remuneration are available at the company's website http://www.bang-olufsen.com/en/investors/company-information.
For further information, please contact: Investor Relations Manager, Claus Højmark Jensen, tel: +45 9684 1251
Mika,
Your post heading is evidently not interesting enough.
Graham
I expected half a dozen threads, so I believe the whole subject isn't interesting enough...
http://az498215.vo.msecnd.net/static/files/company_information/Incentive_guidelines_2015_UK.pdf
See 2.2 Matching Shares Programs
MM
There is a tv - and there is a BV
Millemissen: http://az498215.vo.msecnd.net/static/files/company_information/Incentive_guidelines_2015_UK.pdf See 2.2 Matching Shares Programs MM
Fortuitous that they could take up share options a few days before an announcement was made making the share price jump?
Have I misread the share option announcement that came out a couple of days ahead of the potential sale announcement?
vikinger:Have I misread the share option announcement that came out a couple of days ahead of the potential sale announcement?
I don't think so - but I believe they were obliged to do the latter to avoid any possibility of getting into trouble with insider trading regulations. So the discussions are probably serious enough for the first time.
The other thread degenerated quickly, I'm sure I've read it a dozen times before...
vikinger:Fortuitous that they could take up share options a few days before an announcement was made making the share price jump? Graham
tournedos: vikinger:Have I misread the share option announcement that came out a couple of days ahead of the potential sale announcement? I don't think so - but I believe they were obliged to do the latter to avoid any possibility of getting into trouble with insider trading regulations.
I don't think so - but I believe they were obliged to do the latter to avoid any possibility of getting into trouble with insider trading regulations.
Issuing share options to management just ahead of a company announcement that was bound to affect the share price and of which the management was presumably aware of looks just like insider dealing.
vikinger:Issuing share options to management just ahead of a company announcement that was bound to affect the share price and of which the management was presumably aware of looks just like insider dealing. Graham