Allocation of Restricted Share Units
03 Septembre 2024 - 9:31PM
UK Regulatory
Allocation of Restricted Share Units
Company announcement
for ROCKWOOL A/S
Release no. 48 - 2024
to Nasdaq Copenhagen
3 September 2024
Allocation of Restricted Share Units
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 a one-time RSU
grant to CEO Jes Munk Hansen in line with the one-time award
definition in the remuneration policy. Jes Munk Hansen’s commitment
and contribution in the coming years is key to support the
continued development and realization of the strategy and
sustainable long-term value creation of the company.
The grant consists of 3,421 RSUs. The fair value
of each RSU is 2,923 DKK. The total fair value of the RSU
allocation is 10 MDKK.
The RSUs will vest on 2 September 2027.
Following the end of the vesting period the allocated RSUs are
replaced by B-shares with a face value of DKK 10, conditional to
Jes Munk Hansen 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 on
https://www.rockwool.com/group/about-us/corporate-governance/remuneration/.
Further
information:
Michael Zarin
Vice President, Group Communications
ROCKWOOL A/S
+45 40 84 15 26
Rockwool AS (TG:R90)
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