Senior executives invest 131 MSEK
21 April 2005
Around 30 managers in the Hexagon group have through a new share issue acquired 732 805 shares, series B, in Hexagon AB. The shares have been acquired for 131 MSEK and are equivalent to 4 per cent of the share capital, and almost 3 per cent of the number of votes.
The background for the new share issue is the maturity of a stock option programme issued in May 2000. During 2000 and 2001, Hexagon has offered senior executives of the company, considered to have a possibility to affect the company's development, to buy stock options in Hexagon. The stock options have at each occasion been purchased at current market value, and have all in all cost the participants of the stock option programme just over 7 MSEK.
For further information, please contact
Ola Rollén, President & CEO
Hexagon AB
Tel: +46-8-601 26 20
Håkan Halén, CFO
Hexagon AB
Tel: +46-8-601 26 20
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Hexagon AB is a multinational engineering group with the long-term ambition of positioning itself as number one or number two within its strategic sectors. The operation is divided into four business areas: Hexagon Automation, Hexagon Engineering, Hexagon Metrology and Hexagon Polymers. The group's targets are to increase earnings per share after tax by at least 15 per cent p.a., and achieve a return on capital employed higher than 15 per cent over the business cycle. Current turnover amounts to more than 9 GSEK p.a.