The incentive programme resolved by the 2015 Annual General Meeting for managers and members of senior management in Lagercrantz Group for up to 225,000 call options to purchase class B shares held in treasury was fully subscribed. A total of 40 managers in the Group acquire options under the 2015 programme.

The call options are transferred at a price of SEK 13.70 per call option, equivalent to the market value according to a valuation performed by Nordea Bank AB (publ). The exercise price amounts to SEK 236.30 (which is equivalent to 120 percent of the average market price during the measuring period 31 August - 11 September 2015). The exercise period is at three occasions up until 28 September 2018, inclusive.

In connection with the Lagercrantz share split, with the terms of 3:1 and the record date of October 6, 2015, the new and outstanding previous programmes are converted as follows:

  • 2013/16 programme: number of options increased to 675 000 in total, with an exercise price of 125.40/3 = 41.80 SEK, last day of exercise is 30 September 2016
  • 2014/17 programme: number of options increased to 675 000 in total, with an exercise price of 161.80/3 = 53.90 SEK, last day of exercise is 29 September 2017
  • 2015/18 programme: number of options increased to 675 000 in total, with an exercise price of 236.30/3 = 78.80 SEK, last day of exercise is 28 September 2018

Stockholm, 7 October 2015

Lagercrantz Group AB (publ)

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