Remuneration Information • Oct 10, 2007
Remuneration Information
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On 30 August 2007 the Annual General Meeting of Shareholders in B&B TOOLS AB (publ) passed a resolution whereby members of senior management and other key persons in the Group would be offered to acquire call options for repurchased shares in the Company on market terms and in other respects in accordance with the complete proposal of the Board of Directors to the Annual General Meeting.
The programme comprised the issuance of a total of up to 90,000 call options for repurchased shares in the Company and conveyance of up to 90,000 class B shares in the Company in connection with any redemption of the call options. The programme was limited to cover approximately 50 persons.
The programme was fully subscribed and a total of 43 members of senior management and other key persons have acquired 90,000 call options. The redemption price per share has been set at SEK 228.00 in accordance with the terms of the offer. The options can be utilised to purchase class B shares in the Company during the entire term of the options until 30 September 2012, inclusive.
Stockholm, 10 October 2007
For further information, contact: Mats Karlqvist, Vice President – Investor Relations, B&B TOOLS AB, telephone +46-8-666 97 40
B&B TOOLS provides the industrial and construction sectors in northern Europe with tools, industrial consumables and industrial components, and related services. The Group has annual revenues of approximately SEK 8.5 billion and has approximately 2,900 employees.
Bergman & Beving changed its name to B&B TOOLS at the end of March 2007.
B&B TOOLS AB (publ)
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