ALK-Abelló — Remuneration Information 2016

Mar 18, 2016

Copenhagen, 2016-03-18 13:20 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 10 March 2016, the Board of Directors has passed a
resolution to grant a total of 28,120 share options, comprising 8,720 options
to the members of the Board of Management and 19,400 options to a group of key
employees.

The options can be exercised during the period from 1 March 2019 to 1 March
2023 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 972 each, corresponding
to an average of the closing prices of the Company’s shares on NASDAQ
Copen­hagen during the period 11 - 17 March 2016 (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 2017. The exercise price of the options will be adjusted
on payment of dividend of more or less than DKK 5 per share, to the effect that
dividend in the amount of DKK 1 per share exceeding/below DKK 5 results in a
reduction/addition of the exercise price by DKK 1.

The market value of the adopted option plan of 28,120 options is approximately
DKK 5.8 million applying the Black & Scholes model for valuation of options.
The determination of the value is based on an assumed exercise price of DKK
1,073, an annual dividend distribution of DKK 5 per share, a volatility rate of
30% p.a. and a risk-free interest rate of -0.06% 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 10 March 2016. The scheme comprises a total of 6,014
conditional shares, including 1,864 shares to the members of the Board of
Management and 4,150 shares to a group of key employees. The market value of
the conditional shares is approximately DKK 5.8 million, calculated on the
basis of an average of the closing prices of the Company's shares on NASDAQ
Copenhagen during the period 11 – 17 March 2016 (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 (2019), 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