hf. (FL) has issued new stock options
for 53 million shares to key personnel.
The option holders have the right
to exercise the option in three
years time. Strike price is
the market price at the date when
the option was granted.
After the issuance of the aformentioned options the total stock options granted
to FL Group’s personnel amount to 303,960,433 shares and the weighted average
strike price is 19.7.
the CFO of FL Group, has today, exercised
option to 9,833,333 shares in FL Group hf. at the rate 12.56 in accordance with stock options granted
to key personnel
in the year 2005.
Sveinbjörn has sold the shares back
to FL Group hf. at the rate 33. Sveinbjörn ownes 15,500 shares in FL Group hf. after the transaction and option to 29,500,000 shares. No parties financially related to Sveinbjörn Indridason hold shares in FL Group hf.
to exercise of stock options by
FL Group’s personnel FL Group hf. has today
sold 28,666,666 of its own shares at the
rate 12.56 and bought back the same
shares at the rate 33. FL Group’s own shares therefore
remain the same after the
transaction or 181,857,421 shares,
amounting to 2.29% of the share capital
of FL Group hf.