Bulletin
Information regarding Netia’s stock options (51/2008)
Mr. Mirosław Godlewski, President of the management board, was granted 3,334,000 (three million three hundred and thirty four thousand) Stock Options, and Messrs. Jonathan Eastick, Bertrand LeGuern, Piotr Nesterowicz and Tom Ruhan were granted 1,666,500 (one million six hundred and sixty six thousand) Stock Options each.
Furthermore, Netia’s supervisory board has consented to the granting of a total 4,921,875 (four million nine hundred and twenty one thousand, eight hundred and seventy five) Stock Options to the Company’s senior managers. The supervisory board authorized the President of the management board to grant Stock Options of the Company to the seniors managers in the future.
The strike price for the Stock Options granted to the management board and for the Stock Options which will be granted to the senior managers equals PLN 3.50. The granted Stock Options shall expire on December 20, 2012.
The table below presents the key data concerning the dates of vesting of the Stock Options:
Earliest Exercise Date | |||
Strike Price | No. of Vested Stock Options | ||
3.50 PLN | Members of the management board | 4,000,000 | 6,000,000 |
Employees | 1,968,750 | 2,953,125 | |
Total | 5,968,750 | 8,953,125 |
Under the terms of the Netia Stock Option Plan, where options are exercised at a market price above the relevant strike price, the participant receives shares of equivalent value to the options being exercised.