Options program for executive management at Getinge Industrier's US companies
Getinge Industrier has introduced
an options program for executive management at its US
subsidiaries.
The program covers around 20
executives and totals 310,000 options. The options program runs
from 25 January 2000 to 25 January 2005. The option's strike
price will be calculated as the difference between the initial
value of SEK 97.55 and the rate in force on the day of
redemption. The options holder has the right to redeem a fifth of
the issued options for each full year of employment.
The Getinge Group has drawn up an
insurance contract that fully covers any possible price surge
during the options’ duration. The annual charge for the
insurance cover is calcultated to SEK 500,000.
Getinge, 24 January 2000
Johan Malmquist
President and CEO
For further information please
contact Ulf Grunander, CFO on tel. +46-35155500
You can also visit our website at:
http://www.getinge.com
Getinge Industrier is a
medical-technical Group and a world leader in the fields of
health care, the pharmaceutical industry and laboratories, as
well as hygiene and lifting systems for hospitals and geriatric
care. The Group had sales in 1998 of SEK 4.3 billion and 3,700
employees.
| GETINGE
INDUSTRIER AB (publ.) |
Phone +46
35 15 55 00 |
VAT No
SE556408503201 |
| P.O. Box
69 |
Fax +46
35 549 52 |
Org.No.
556408-5032 |
| SE-310 44
GETINGE |
www.getinge.com |
Registered
office: Halmstad |
| Sweden |
|
|
Please visit http://www.bit.se for further information
The following files are available for download:
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