Reference is made to the stock exchange announcement of 25 February 2015 and the Board of Directors’ resolution to implement a program of restricted share units for employees and the announcement of 4 March 2015 of a program to repurchase own shares.
The strike price has been set to NOK 76.08, based on the volume weighted average share price of XXL’s shares on the Oslo Stock Exchange during the five trading days from 25 February to 3 March 2015. In total 105,000 restricted share units will be granted to employees. The shares will vest after three years. The grant is related to individual bonus agreements for each employee.
The following primary insiders have been granted restricted share units according to the above and have, following this, the following number of shares and restricted share units in XXL ASA:
- Morten Fuglum, Group Controller, has been granted 848 restricted share units. Following this, he holds 26,261 shares and 848 restricted share units in XXL ASA including ownership of closely related parties.
- Christian Hokstad Pedersen, Group Controller, has been granted 1,216 restricted share units. Following this, he holds 5,056 shares and 1,216 restricted share units in XXL ASA including ownership of closely related parties.
- Leidulf Holand, Business Controller, has been granted 915 restricted share units. Following this, he holds 79,248 shares and 915 restricted share units in XXL ASA including ownership of closely related parties.
- Karete Kvisle, Head of Accounting, has been granted 1,047 restricted share units. Following this, she holds 4,875 shares and 1,047 restricted share units in XXL ASA including ownership of closely related parties.
- Siv Bjørkås Iversen, Controller, has been granted 1,047 restricted share units. Following this, she holds 10,556 shares and 1,047 restricted share units in XXL ASA including ownership of closely related parties.
- Magnus Bjurling, Controller, has been granted 1,144 restricted share units. Following this, he holds 3,488 shares and 1,144 restricted share units in XXL ASA including ownership of closely related parties.
For further queries, please contact:
Tolle O. R. Grøterud, Head of Investor Relations, XXL ASA
Tel: +47 90 27 29 59
E-mail: ir@xxlasa.com
About XXL ASA
XXL is a leading sports retailer with stores and e-commerce in Norway, Sweden and Finland. It is the fastest growing among the major sports retailers in the Nordic. XXL pursues a broad customer appeal, offering a one stop shop experience with a wide range of products for sports, hunting, skiing, biking and other outdoor activities. XXL's concept is to have the largest stores with the lowest prices and the widest assortment of products, focusing on branded goods