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DFDS — Remuneration Information 2019
Feb 7, 2019
3361_iss_2019-02-07_2aa9ba48-e9d0-416e-9930-61fccee46731.pdf
Remuneration Information
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AWARD OF SHARE OPTIONS
DFDS' share option programme is part of our aspiration to promote a performance culture that creates and rewards results.
Today, in accordance with DFDS' guidelines for the remuneration of the Board of Directors and the Executive Board as adopted by the Annual General Meeting on 21 March 2017, Niels Smedegaard, CEO, was awarded 58,497 share options and Torben Carlsen, CFO, was awarded 43,872 share options. In addition, a total of 150,423 share options was awarded to a number of key employees.
The share options vest with 1/36 per month from and including February 2019 and may be exercised in the period from February 2022 until February 2024. The exercise price is based on the average quoted share price in the 20 trading days prior to and including 6 February 2019 to which 10% has been added, giving an exercise price of DKK 335 per share of DKK 20 nominal value. The options are hedged against the company's own shareholding. The theoretical value of the share options is DKK 8.6m, calculated according to the Black-Scholes model as described in DFDS' most recent annual report.
DFDS A/S Sundkrogsgade 11 DK-2100 Copenhagen Ø CVR 14 19 47 11
www.dfds.com
Company announcement no. 4/2019
7 February 2019
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Contact
Torben Carlsen, CFO +45 33 42 32 01
Søren Brøndholt Nielsen, IR +45 33 42 33 59
About DFDS
DFDS provides ferry and transport services in Europe, generating annual revenues of EUR 2.2bn.
To over 10,000 freight customers, we deliver high reliability through ferry & port terminal services and transport & logistics solutions.
For five million passengers, we provide safe overnight and short sea ferry services.
Our 8,000 employees are located on ships and in offices across 20 countries. DFDS was founded in 1866, is headquartered in Copenhagen, and listed on Nasdaq Copenhagen.
Disclaimer
The statements about the future in this announcement contain an element of risk and uncertainty which means that actual developments may diverge significantly.