Fourlis : Invitation for the Stock Options Program Exercise
November 20, 2018 at 10:21 am EST
Share
FOURLIS HOLDINGS S.A.
Invitation for the Stock Option Rights Exercise
According to the terms of the Stock Option Plan Programs, which have been approved by the Extraordinary General Meeting of the Shareholders of the Company dated 27.09.2013 (hereafter "Program B'") and by the Ordinary Meeting of the Shareholders of the Company dated 16.06.2017 (hereafter "Program C'"), the executives of the Company and its affiliated companies, who are referred within the relevant Board of Directors resolutions dated 25.11.2013, 24.11.2014, 23.11.2015, 20.11.2017 and 19.11.2018 are invited to exercise until 30.11.2018, the stock option rights corresponding to 2.008.680 in total new ordinary shares of the Company.
More specifically,
Program B (2013)
Program C (2017)
1st Series
2nd Series
3rd Series
1st Series
2nd Series
1st Special
Series
2nd Special
Series
Number of stock option rights to be exercised
140.289
275.875
309.246
391.630
391.639
250.000
250.001
Exercise Price
3,2823 €
5,6667 €
Period of declaration of the intention to exercise stock option rights
20/11/2018 - 30/11/2018
Period of payment of the relevant amount
1/12/2018 - 15/12/2018
Pursuant to terms of the Program B' and C', the Board of Directors, resolved during its meeting held on November 19, 2018 on a) the adjustment of the exercise price of Program B', which was set at €3.2823 and b) the adjustment of the exercise price of the Program C', which was set at €5.6667. The adjustments of the historical share price is the result of the corporate action for the reduction of the share capital of the Company, through the reduction of the nominal value of the share and the return of capital to the shareholders that took place pursuant to the decisions of the General Meeting of shareholders of June 15, 2018.
The Board of Directors of the Company will decide upon a next meeting, and not later than 31.12.2018, upon the issuance and delivery of the shares to the option holders (with the actual payment of the exercise price between 01.12.2018 and 15.12.2018). In addition, The Board of Directors of the Company will execute the relevant share capital increase without any amendment to the Articles of Association of the Company, according to Art. 13 Par.13 of Law 2190/1920, to the issuance of the new ordinary shares and any other necessary action related to the new shares listing in the Athens Stock Exchange.
Maroussi, November 20, 2018 The Board of Directors
Fourlis SA published this content on 20 November 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 20 November 2018 15:20:04 UTC
Fourlis SA is a Greece-based investment holding company. Along with its subsidiaries, the Company is active in two operating segments: Retail Trading of Home Furniture and Household Goods, through the franchise of IKEA stores in Greece, Cyprus and Bulgaria; Retail Trading of Sporting Goods, through the franchise of INTERSPORT stores in Greece, Cyprus, Bulgaria, Turkey and Romania and THE ATHLETEâS FOOT stores in Greece and Turkey. The Companyâs direct subsidiaries include HOUSEMARKET SA, HM HOUSEMARKET CYPRUS LIMITED, HOUSE MARKET BULGARIA EAD, TRADE LOGISTICS SA, Intersport Athletics SA, Intersport Athletics Cyprus Limited, Genco Trade SRL (Romania), Genco Bulgaria EOOD and Intersport Atletik in Turkey.
FOURLIS HOLDINGS S.A. 
