Redemption of stock options for Kungsleden management
The management of Kungsleden have now redeemed their stock options and purchased shares in Kungsleden according to the option programme issued by two of the company’s principal owners, Gösta Welandson and Olle Florén, in September 2017.
The purpose of the option programme, which was announced at the 2017 Annual General Meeting, was to create clear incentives for the CEO and management team to generate value for all shareholders. A total of 185,000 options were issued to Kungsleden’s current management, distributed between six participants at an redemption price of SEK 60 per share. 75 per cent of the options were issued by Gösta Welandson through companies and 25 percent by Olle Florén. Since the stock options were issued by individual shareholders, there will be no dilution effect for other shareholders.
The redemption of the stock options has now been concluded. While management will fund a portion of the redemption of the stock options through the sale of shares, management’s net total shareholding will increase. CEO Biljana Pehrsson’s shareholding will increase from 105,000 shares to 145,000 shares.
About Kungsleden. We are people that create places and experiences for people. By developing and managing attractive and sustainable places, we offer people a better and more inspiring work experience. We are a long-term property owner focused on commercial properties in Sweden’s growth regions. As of 30 June 2020, we owned 210 properties with total value of SEK 39,387 million. Kungsleden (KLED) is listed on the Nasdaq Stockholm Large Cap. Read more at www.kungsleden.se