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Matas Remuneration Information 2019
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Remuneration Information
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Vesting of Performance Share Units and reporting of transactions pursuant to Article 19 of the Market Abuse Regulation
Vesting of Performance Share Units and reporting of transactions pursuant to Article 19 of the Market Abuse Regulation
Company announcement no. 05 2019/20
Allerød, 14 June 2019
*Vesting of Performance Share Units and reporting of transactions pursuant to Article 19 of the Market Abuse Regulation*
Pursuant to Matas A/S’ (Matas) Remuneration Policy, a total of 52,217 Performance Share Units (PSUs) related to the company’s long-term incentive programme (LTIP) for 2016 have vested effective today. The PSUs vested in the form of 10,469 shares being granted to CFO Anders T. Skole-Sørensen and 41,748 shares being granted to the rest of the executive team, including resigned managers.
The PSUs were granted free of charge to vest in the form of shares in Matas A/S.
PSUs vested at 75% of the original grant, which means that a total of 17,406 PSUs have been cancelled. The PSUs vested represent a total value of DKK 3.7 million based on yesterday’s closing price of DKK 70.7 per share.
Pursuant to Article 19 of the Market Abuse Regulation, Matas has received the below notifications from members of management and persons closely associated with them with respect to transactions in Matas shares and related securities in connection with the vesting of PSUs:
| 1. | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | Anders T. Skole-Sørensen |
| 2. | Reason for notification | |
| a) | Position/status | CFO |
| b) | Initial notification/Amendment | Initial notification |
| 3. | Details of the issuer | |
| a) | Name | Matas A/S |
| b) | LEI Code | 2138004PXX8LWGHGL872 |
| 4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |
| a) | Description of the financial instrument, type of instrument Identification code |
Shares of Matas A/S DK0060497295 |
| b) | Nature of the transaction | Grant |
| c) | Price(s) and volume(s) | Price(s) (DKK) Volume(s) 740,158.30 10,469 |
| d) | Aggregated information ·Aggregated volume ·Price (DKK) |
|
| e) | Date of the transaction | 14 June 2019 |
| f) | Place of the transaction | Nasdaq Copenhagen |
| 1. | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | Anders T. Skole-Sørensen |
| 2. | Reason for notification | |
| a) | Position/status | CFO |
| b) | Initial notification/Amendment | Initial notification |
| 3. | Details of the issuer | |
| a) | Name | Matas A/S |
| b) | LEI Code | 2138004PXX8LWGHGL872 |
| 4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |
| a) | Description of the financial instrument, type of instrument Identification code |
Shares of Matas A/S DK0060497295 |
| b) | Nature of the transaction | Sale |
| c) | Price(s) and volume(s) | Price(s) (DKK) Volume(s) 284,000 4,000 |
| d) | Aggregated information ·Aggregated volume ·Price (DKK) |
|
| e) | Date of the transaction | 14 June 2019 |
| f) | Place of the transaction | Nasdaq Copenhagen |
It is noted that vested PSUs are subject to taxation and that Anders T. Skole-Sørensen has decided to sell a proportion of the shares granted to him to cover the tax payment.
Contacts
Elisabeth Toftmann Klintholm
Head of Investor Relations & Corporate Affairs, tel +45 48 16 55 48
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