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0MRM Bang & Olufsen A/s

12.305
0.00 (0.00%)
11 Oct 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Bang & Olufsen A/s LSE:0MRM London Ordinary Share DK0010218429 BANG & OLUFSEN ORD SHS
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 12.305 12.00 12.61 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Electronic Components, Nec 2.59B -17M -0.1385 -88.81 1.51B

Long Term Share-based incentive programme for 2024/25

08/07/2024 8:52pm

UK Regulatory


Bang & Olufsen A/s (LSE:0MRM)
Historical Stock Chart


From Apr 2024 to Oct 2024

Click Here for more Bang & Olufsen A/s Charts.
Long Term Share-based incentive programme for 2024/25

Pursuant to Bang & Olufsen A/S’ Remuneration Policy, the Board of Directors has approved the long-term restricted share program for 2024/25. The program consists of restricted share-based remuneration to the Executive Management Board, key employees and certain other employees.

Two thirds of the restricted shares are Performance Shares that are eligible for vesting in equal tranches over the three financial years 2024/25, 2025/26 and 2026/27 depending on the level of achievement of certain KPIs defined by the Board of Directors for each performance year. The KPI metrics for 2024/25 relates to Bang & Olufsen A/S’ revenue and EBIT (before special items) in 2024/25.

The remaining shares are Retention Shares, which are subject to the participants’ continued employment with the Bang & Olufsen group and satisfactory performance review ratings in the course of the three-year period. The Retention Shares also vest in three equal tranches over the period.

The maximum number of shares that the participants will be able to receive pursuant to the programme is 7,763,140. Any vested restricted shares will be released after the general meeting’s approval of the annual report for 2026/27, provided vesting and release may be accelerated in certain extraordinary events as described in the company’s remuneration policy.

Based on the volume-weighted average price of the company’s shares traded on Nasdaq Copenhagen since the publication of the 2023/24 Annual Report, the total value of the restricted shares for all participants per today's date can amount to DKK 36.7m assuming achievement of target level performance.

For further information, please contact:

Cristina Rønde Hefting
Investor Relations
Phone: +45 4153 7303

Jens Gamborg
Global sustainability and Communications
Phone: +45 2496 9371

Attachment

  • BO_2404_LTIP_2024-25_UK

1 Year Bang & Olufsen A/s Chart

1 Year Bang & Olufsen A/s Chart

1 Month Bang & Olufsen A/s Chart

1 Month Bang & Olufsen A/s Chart

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