ALK-Abelló

Remuneration Information • Mar 16, 2015

Copenhagen, 2015-03-16 16:40 CET (GLOBE NEWSWIRE) --

ALK (ALKB:DC / OMX: ALK B / AKABY / AKBLF):

Share option programme
According to the guidelines for incentive payments adopted at the Company's
annual general meeting on 12 March 2015, the Board of Directors has passed a
resolution to grant a total of 45,250 share options, comprising 18,100 options
to the members of the Board of Management and 27,150 options to a group of key
employees.

The options can be exercised during the period from 1 March 2018 to 1 March
2022 during the trading windows following the release of annual and interim
reports. If the option holders have not exercised their options within the
period specified, the options will lapse without any compensation to the
holders.

The exercise price of the options has been set at DKK 747 each, corresponding
to an average of the closing prices of the Company’s shares on NASDAQ
Copen­hagen during the period 9 - 13 March 2015 (both days included). To this
should be added annual interest at the rate of 2.5%, which will be added the
first time on 1 March 2016. The exercise price of the options will be adjusted
on payment of dividend, to the effect that DKK 1 of dividend per share results
in a reduction of the exercise price by DKK 1.

The market value of the adopted option plan of 45,250 options is approximately
DKK 6.6 million applying the Black & Scholes model for valuation of options.
The determination of the value is based on an assumed exercise price of DKK
825, an annual dividend distribution of DKK 5 per share, a volatility rate of
28% p.a. and a risk-free interest rate of 0,16% p.a.

Under the international financial reporting standards (IFRS), the incentive
plan will be recognised in the income statement in the respective functional
areas over the vesting period.

Conditional share programme
The Board of Directors has passed a resolution to grant conditional shares in
accordance with the guidelines for incentive pay adopted at the Company's
annual general meeting on 12 March 2015. The scheme comprises a total of 8,800
conditional shares, including 3,520 shares to the members of the Board of
Management and 5,280 shares to a group of key employees. The market value of
the conditional shares is approximately DKK 6.6 million, calculated on the
basis of an average of the closing prices of the Company's shares on NASDAQ
Copenhagen during the period 9 – 13 March 2015 (both days included).

The grant of the conditional shares reflects the maximum achievable number of
shares. The final transfer of ownership of the shares takes place three years
after the grant (2018), and is conditional upon continued employment at the
time of the transfer of ownership. Furthermore, the final number of conditional
shares granted will depend on the Board of Directors' assessment of the general
progress in the company.

Under the international financial reporting standards (IFRS), the incentive
plan will be recognised in the income statement in the respective functional
areas over the vesting period.

The grant of share options and conditional shares does not change the Company’s
financial forecast.

No share options or conditional shares have been granted to members of the
Board of Directors.

                             ALK-Abelló A/S

For further information please contact:
Steen Riisgaard, Chairman of the Board of Directors, tel +45 4574 7576