PARKEN Sport & Entertainment
Incentive programme
PARKEN Sport & Entertainment / News Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Company announcement 9 / 2008 23 June 2008 Incentive programme On 23 June, share options were granted to one other executive. The share options entitling the holder to acquire 5,000 shares of a nominal value of DKK 20.00 each in PARKEN Sport & Entertainment A/S. The exercise price has been agreed at DKK 1,180.45 per share of DKK 20. Section 7 H of the Danish Tax Assessment Act shall apply. The share options may be exercised 4 weeks after the presentation of the financial statements for the year 2010. In order to exercise the share options, the executive must not be under notice of termination at the time of exercise. The market value of the options granted has been calculated at DKK 1,908,000, based on the Black-Scholes model. This calculation is based on the assumption of a dividend rate of 0, a volatility rate of 30%, a risk-free interest rate of 4.50% and a time to expiration of 2.77 years. PARKEN Sport & Entertainment A/S Flemming Østergaard Chairman News Source: NASDAQ OMX 23.06.2008 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: PARKEN Sport & Entertainment Denmark Phone: Fax: E-mail: Internet: ISIN: DK0010237643 WKN: End of News DGAP News-Service ---------------------------------------------------------------------------
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