Glunz & Jensen A/S
Share option programme
Glunz & Jensen A/S / 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 no. 157 7 July 2008 Contact: René Barington Tel. +45 5768 8181 Mobile +45 4050 0405 It has been decided to grant further share options to the management and key employees. The programme is a continuation of the granting of 46,000 options in 2005/06 and 56,000 options in 2006/07. In total 65,000 share options will be granted, with up till 50,000 share options for selected employees in the group, and 15,000 for the management. The share options will be granted within 30 days from today. The Board of Directors is not covered by this programme. Each option corresponds to one share in the company. The exercise price will be calculated so that it corresponds to the average price quoted on the OMX Nordic Exchange Copenhagen during the past five days prior to granting the options, with an annual increase of 4% less distributed dividend. The options may be exercised during a period of 3-5 years after the date of granting of the options, provided that the holder of the options has not resigned from his job in the Glunz & Jensen group at the time of exercise. The market value of the granted share options as of today is DKK 0.6 million based on the Black-Scholes model for valuation of options (volatility 30 %, interest 4 % and dividend of DKK 0). Peter Falkenham René Barington Chairman of the Board CEO News Source: NASDAQ OMX 07.07.2008 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: Glunz & Jensen A/S Denmark Phone: Fax: E-mail: Internet: ISIN: DK0010249309 WKN: End of News DGAP News-Service ---------------------------------------------------------------------------
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