Company Announcement to the Danish Financial Supervisory Authority No. 33-2013, 22 November 2013
Following the presentation of the Q3 2013 interim financial statements, the Board of Directors has decided on a discretionary allocation of share options to 43 key employees who are not comprised by the Group's normal share option plan.
A total of 129,000 share options will be granted to 43 key employees who are each considered to be especially capable of supporting value creation in the Group.
The exercise period is November 2016 - November 2019, and the exercise price is DKK 279 calculated as the average closing price on NASDAQ OMX during the first five business days after presentation of the Q3 2013 financial statements. Based on a twelve month historical volatility of 29.33% the Black-Scholes value amounts to DKK 9m. FLSmidth will buy shares to cover the share option programme.
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For further information about FLSmidth, please visit www.flsmidth.com.
Yours faithfully
Pernille Friis Andersen
Corporate Communications & Investor Relations