In accordance with the company's guidelines for incentive schemes, as adopted
at the company's Annual General Meeting on Friday 26 September 2008, the Board
of Directors has decided to assign share options to the Board of Management and
a group of key management personnel.
The share options will be allocated proportionally over a 3-year period and can
hereafter be exercised in a subsequent 3-year period. The share options will
hereafter expire.
The share options can be exercised at a price of 47.39 DKK per share, which
price reflects the average price of trading in the company's shares on NASDAQ
OMX Copenhagen A/S, during the 10 trading days following the announcement of
the Company's report for the 2009/10 financial year. The share options exercise
price is adjusted for dividend paid.
In addition, the Board of Directors has decided to assign employee shares to
employees in the Danish Bang & Olufsen companies. These shares are assigned on
the same terms as last year as well as in the same numbers.
The following persons, who are covered by the reporting requirements of the Act
on Securities Trading, participate in the options allocation:
Name Karl Kristian Hvidt Nielsen
Reason President, CEO, in compliance
with
article 28a ( 2.1.) of the
Danish
Securities Trading Act
Issuer Bang & Olufsen a/s
Designation Option
Nature of transaction Allocation
Number 84,667
Market value in DKK
(calculated in accordance with Black & Scholes) 1,374,992
Name John Bennett-Therkildsen
Reason Executive Vice President,
Operations,
in compliance with article 28a
(2.2.) of the Danish Securities
Trading Act
Issuer Bang & Olufsen a/s
Type Option
Transaction Allocation
Number 35,500
Market value in DKK
(calculated in accordance with Black & Scholes) 576,520
Name Christian Winther
Reason Executive Vice President, Sales
and
Marketing, in compliance with
article 28a (2.2.) of the Danish
Securities Trading Act
Issuer Bang & Olufsen a/s
Type Option
Transaction Allocation
Number 35,500
Market value in DKK
(calculated in accordance with Black & Scholes) 576,520
Name Henning Bejer Beck
Reason Executive Vice President, CFO,
in compliance with article 28a
(2.2.) of the Danish Securities
Trading Act
Issuer Bang & Olufsen a/s
Type Option
Transaction Allocation
Number 35,500
Market value in DKK
(calculated in accordance with Black & Scholes) 576,520
Kim Hyldahl Hansen
Director, Global Counsel
# # #
Applications to this announcement to be made to:
Director, Global Counsel Kim Hyldahl Hansen, Phone +45 9684 5167
