ADDTECH SHAREs

Share capital

At 31 March 2016, Parent Company share capital stood at SEK 51,148,872, distributed over the following number of shares with a quotient value of SEK 0.75 per share.

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Chapter 6, Section 2a of the Swedish Annual Accounts Act requires listed companies to disclose specific circumstances that may affect the prospects for acquiring the Company via a public share offer. In the event of the Company being delisted from Nasdaq OMX Stockholm or a party other than the present principal shareholder attaining an ownership holding exceeding 50 percent of the capital or votes, the granted credit line in terms of contractual credit facilities of SEK 300 million and overdraft facilities of SEK 800 million can be terminated.

Repurchase of treasury shares and incentive programmes

The Annual General Meeting in August 2015 authorised the Board of Directors to repurchase a maximum of ten percent of all shares in the Company during the period until the Annual General Meeting in 2016.

Repurchased shares are intended to cover the Company's commitment to outstanding call options programmes. During the financial year Addtech repurchased 350,000 of its own Class B shares. The average number of treasury shares held during the year was 1,495,117 (1,910,322). At year-end the number of treasury shares was 1,240,000 (1,742,300), with an average purchase price of SEK 68.83 (54.65). These shares correspond to 1.8 percent (2.6) of the number of shares issued and 1.3 percent (1.8) of the votes.

Addtech has four outstanding call option programmes totalling 1,240,000 Class B shares. The programme from 2015 comprises 350,000 shares with an exercise price of SEK 154.50 and an expiration period from 17 September 2018 until 3 June 2019 inclusive. The programme from 2014 comprises 350,000 shares with an exercise price of SEK 116.70 and an expiration period from 17 September 2017 until 1 June 2018 inclusive. The programme from 2013 comprises 540,000 shares with an exercise price of SEK 106.13 and an expiration period from 19 September 2016 until 2 June 2017 inclusive. The programme from 2012 comprises 600,000 shares with an exercise price of SEK 71.50 and an expiration period from 14 September 2015 until 3 June 2016 inclusive. During the period 14 September until 31 December 2015 inclusive, 200,000 options were exercised, corresponding to 600,000 shares. 

The Board intends to propose that the Annual General Meeting in August 2016 approve an incentive programme according to the same, or an essentially similar, model as decided at the 2009-2015 AGMs.

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