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Notice from Jar­boranir regarding exercise of employee stock option contracts   16.1.2006 17:00:26
News categories: Insider trading      ═slenska  English

Today, 16th January 2006, did Jar­boranir hf. conclude the final exercise of outstanding employee stock option contracts that the Company issued to its employees in October 2002.á The exercise was made in conjunction with concentration with Atorka hf., where the named company intends to purchase all shares in Jar­boranir hf.á Jardboranir has concluded the exercise of stock option contract four times per each calender year, but because of the concentration was the exercise period for Q4 2005 and Q1 2006 merged, in one final payoff.

 

44 Stock option contracts were exercised during this period. The total nominal value was ISK 5.635.635 and ISK 32.348.585 of exercise (purchase) value.á The option price was 5,74 times nominal value per share.á Jardboranir hf. will fulfil its obligations regarding this exercise with the sale of own shares of the nominal value ISK 5.635.635.

 

With this exercise of the above employee stock option contracts are all employee option contracts made by the company in October 2002 fulfilled.

 

Primary insider

Relations with the iisuer

Number of shares

Number of shares

Gengi

Primary insider's holdings after the transaction

Related parties holdings after the transaction

 

 

 

 

 

 

 

Írn Sigur­sson

Financial manager

895.470 ISK

5.139.994 ISK

5,74

1.635.000

0

Bent S. Einarsson

Managing director

1.595.470 ISK

9.158.056 ISK

5,74

3.263.737

0

١r GÝslason

Director

790.940 ISK

4.539.983 ISK

5,74

895.470

0

 


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