of directors of Icelandair Group hf. (ICEAIR) has decided on the basis of the company’s
stock option scheme to grant stock options on shares in the company to its
senior management. The options that are valid
for three years come into effect today.
buy a total of 45,3 million shares are granted to a
total of 17 senior managers, including the CEO, vice presidents and managing
directors of subsidiaries. Stock option
holders are entitled to exercise one third of their stock option for 4 weeks,
starting January 3rd each year, starting in 2008.
has an exercise price of ISK 27,50 per share, which is
the weighted average closing price on the Iceland Stock Exchange during the
last ten trading days, cf. article 10 of Act 90/2003 on Income Tax.
option is primarily subject to the condition of the employee's continued
employment within the group.
Stock options totalling 5,0
million shares are granted to the following primary insider who are obliged to
disclose their transactions, cf. Art 64 of Act no. 33/2003.
Name of primary insider:
Jón Karl Ólafsson
Primary insiders relation to issuer : CEO
Shares according to stock option plan 2006 5.000.000
Primary insider’s holding: 103,703 shares
Related parties holding: 18,518,519 shares