Aktieselskabet Schouw & Co.
Continuation of incentive programme

Aktieselskabet Schouw & Co. 

12.03.2014 15:44

Dissemination of a Adhoc News, transmitted by DGAP - a company of EQS Group
AG.
The issuer is solely responsible for the content of this announcement.

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Since 2003, Schouw & Co. has operated a share-based incentive programme for the
purpose of promoting value creation in Schouw & Co. by aligning the interests
of the individuals comprised by the programme and the company's shareholders.
Under the programme, the Board of Directors has resolved to award 225,000 share
options on the following terms: 

The members of the Management Board of Schouw & Co., President Jens Bjerg
Sørensen and Vice President Peter Kjær, will be granted 40,000 and 15,000 share
options, respectively. Other senior executives, including managers of
subsidiaries, comprising 16 persons, will be granted a total of 170,000 share
options. 

The options are exercisable during a period of 24 months following the
publication of the Schouw & Co. Group's Annual Report for the 2015 financial
year. 

Each share option entitles the holder to purchase one Schouw & Co. share of DKK
10 nominal value. The exercise price is equal to the average official closing
share price during the first five business days after the publication of the
Schouw & Co. Group's Annual Report for the 2013 financial year (of DKK 254.30),
plus a premium of 4% p.a. with effect from March 12, 2014. 

The new options have an aggregate theoretical market value of approximately DKK
6.9 million, calculated on the basis of the Black & Scholes model using
12-month historical volatility (26.1%) based on daily average prices, a
risk-free interest rate (0.65% p.a.) and the share price (DKK 254.30) at the
date of issue. 


Aktieselskabet Schouw & Co.


Jørn Ankær Thomsen          Jens Bjerg Sørensen
Chairman                             President

Questions relating to the above should be directed to Jens Bjerg Sørensen,
President, on tel. +45 8611 2222.
News Source: NASDAQ OMX



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Language:     English
Company:      Aktieselskabet Schouw & Co.
              
               
              Denmark
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         DK0010253921
WKN:          
 
End of Announcement                             DGAP News-Service
 
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