Restricted Share Unit Programs
10 Avril 2024 - 8:45PM
Restricted Share Unit Programs
Company announcementfor ROCKWOOL A/SRelease no. 17 - 2024to
Nasdaq Copenhagen
10 April 2024
Restricted Share Unit Programs
The ROCKWOOL A/S Board of Directors has today,
in accordance with the remuneration policy approved at the Annual
General Meeting 10 April 2024, decided to allocate Restricted Share
Units, including phantom units, (“RSUs”) to a group of up to 85 key
employees in leading positions, including Group Management (the
“Participants”). The scheme is designed to align the interest of
the Participants to those of our shareholders, and to give the
Participants an incentive to make a long-term commitment as well as
to promote value creation within the group.
The Board of Directors has granted the
Participants a total of 7,725 RSUs and, subject to vesting, each
RSU entitles the holder to receive one ROCKWOOL B-share or, in case
of phantom units, a cash-based settlement to the corresponding
share value at the time of transfer. The fair value of each RSU is
2,243.21 DKK being the 15 days average price of ROCKWOOL’s B-share
up to the date of approval of the allocation. The total fair value
of the RSU allocation is 2.3 MEUR.
The RSUs will vest on 25 May 2027. Following the
end of the vesting period the allocated RSUs are replaced by
B-shares with a face value of DKK 10 or, in case of phantom units,
a corresponding cash settlement, conditional to the Participant
being employed within the ROCKWOOL Group.
Holders of the RSUs will have no rights as a
shareholder until transfer to the Participants as ROCKWOOL B-shares
following the aforementioned vesting period. Information on
completed transfers of B-shares to registered management members
will be published as a company announcement following the end of
the vesting period and included in the ROCKWOOL A/S Remuneration
Report for the relevant financial year.
The RSU allocation is subject to Danish law and
to the remuneration policy.
The RSU programs will have no dilution effect on
existing shareholders.
The remuneration policy can be found
onhttps://www.rockwool.com/group/about-us/corporate-governance/remuneration/.
Further
information:
Michael ZarinVice President, Group CommunicationsROCKWOOL A/S+45
40 84 15 26
Rockwool AS (TG:R90)
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