07/23/2018
DGAP-News: ALLGEIER SE / Key word(s): Statement
ALLGEIER SE: Explanation on the exercise of stock options
23.07.2018 / 16:51
The issuer is solely responsible for the content of this announcement.
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Munich, 23 July 2018 - In response to inquiries, the Executive Board of
Allgeier SE provides the following explanation on the exercise of stock
options:
Individual members of the Executive Board of Allgeier SE have a long-term
component in the form of stock options as part of their remuneration. In
2012, a total of 380,000 option rights were issued from the 2010 Stock
Option Plan to persons who are currently members of the Allgeier SE
Executive Board. A further 140,000 option rights from the 2014 stock option
plan followed in 2017, for which the waiting period has not yet expired.
Each option right has a term of 10 years and can only be exercised after a
waiting period of 4 years. Exercise is only possible within 14-day exercise
windows after the publication of an annual or semi-annual report and after
the publication of a quarterly announcement and the Annual General Meeting.
In addition, the exercise is subject to an annual restriction so that the
option rights can only be exercised over a period of several years. When
option rights are exercised, the exercise price must be paid to Allgeier SE.
The resulting exercise gain is subject to personal income tax. In order to
finance the exercise price and tax payments, it is necessary in individual
cases that part of the newly created shares are sold directly in the course
of the exercise. This is ordered in course of the exercise. However, the
execution of the sales may be delayed by some days and may take place in
partial executions due to a delayed booking of the new shares in the
securities account and due to the market's capacity to absorb new shares in
daily trading.
In the current year 2018, two members of the Executive Board, Mr. Carl Georg
Dürschmidt and Dr. Marcus Goedsche, have each exercised 36,000 option rights
to date. Mr. Carl Georg Dürschmidt has not sold any of the new shares. With
the last exercise of 21,000 option rights on July 10, 2018, Dr. Marcus
Goedsche simultaneously ordered the sale of part of the new shares (17,000
shares). The sale was then effected after July 10, 2018 by the mandated bank
without the influence of the Executive Board member. In total, Mr. Carl
Georg Dürschmidt has acquired a total of 36,000 new shares and Dr. Marcus
Goedsche has acquired a total of 19,000 shares after deduction of the shares
sold in 2018 and continue to hold these. The corresponding Directors'
Dealings notifications have been made in due time. The members of the
Executive Board currently still hold 308,000 option rights from the 2010
stock option plan and 140,000 option rights from the 2014 stock option plan.
This means that further options will be exercised regularly in the future.
Executive Board of Allgeier SE
Contact:
Allgeier SE
Corporate Communications & Investor Relations
Dr. Christopher Große
Wehrlestraße 12
81679 Munich
Phone: +49 (0)89/998421-0
Fax: +49 (0)89/998421-11
E-Mail: ir@allgeier.com
Web: www.allgeier.com
Allgeier SE is one of the leading IT companies for digital transformation:
With a growth strategy geared to innovations and future trends as well as an
integrative entrepreneurial model, Allgeier is seizing the opportunities of
digitization. Four segments with individual technical and industry-related
focal points work together for around 3,000 customers from almost all
sectors. With around 8,000 employees and more than 1,400 freelance experts,
Allgeier offers customers a comprehensive portfolio of solutions and
services as a one-stop shop. With its highly flexible delivery model,
Allgeier covers the entire IT service spectrum from onsite to nearshore to
offshore: With strong footholds in India and China, flexibility and highest
scalability of services as well as highly qualified expert knowledge in
high-end software development are ensured. Allgeier's customers include
global corporations as well as innovative medium-sized companies that want
to secure strategic advantages through high-performance IT solutions,
intelligent software and flexible personnel services. The rapidly growing
group with headquarters in Munich has more than 120 branches in the DACH
region, ten other European countries as well as in India, China, Singapore,
Vietnam, Malaysia, Japan, South Africa, Australia, Mexico and the USA. In
the 2017 financial year, Allgeier generated consolidated sales of EUR 574
million in continuing operations. The company is listed in the General
Standard on the Regulated Market of the Frankfurt Stock Exchange (WKN
A2GS63, ISIN DE000A2GS633). Allgeier SE is one of the ten leading IT
consulting and system integration companies in Germany according to the 2018
Lünendonk(R) list. In the Lünendonk(R) special analysis 2017 "Leading German
medium-sized IT consulting and system integration companies", Allgeier takes
first place. According to the 2017 Lünendonk(R) market segment study "The
market for recruitment, placement and management of IT freelancers in
Germany", Allgeier Experts is among the top 3 IT personnel service providers
in Germany. Allgeier SE is listed in the General Standard on the Regulated
Market of the Frankfurt Stock Exchange (WKN A2GS63, ISIN DE000A2GS633).
Further information at: www.allgeier.com.
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23.07.2018 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: ALLGEIER SE
Wehrlestraße 12
81679 München
Germany
Phone: +49 (0) 89 - 99 84 21 0
Fax: +49 (0) 89 - 99 84 21 11
E-mail: info@allgeier.com
Internet: https://www.allgeier.com
ISIN: DE000A2GS633
WKN: A2GS63
Indices: CDAX
Listed: Regulated Market in Frankfurt (General Standard);
Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Stuttgart, Tradegate Exchange
End of News DGAP News Service
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707109 23.07.2018