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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Icelandair Group Hf | LSE:0ERU | London | Ordinary Share | IS0000013464 | ICELANDAIR GROUP HF 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% | 12.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Air Transport, Scheduled | 1.27B | -8.46M | -0.2058 | -60.74 | 514M |
The Board of Directors of Icelandair Group has agreed to implement the resolution made at the Company’s Annual General Meeting last year, on 3 March 2022, to introduce a Stock Option Program.
The Company’s Executive Team and other employees at Director level, in total 51 employees, will be granted the right to purchase a total of up to 393,300,000 shares through Stock Option Agreements, thereof 123,700,000 to the Executive Team.
Key terms and conditions of the agreements are as follows:
Other key terms and conditions:
The Company’s cost of the Stock Option Plan is estimated to be around USD 1.7 million over the next 3 years based on the Black-Scholes model. The total number of stock options granted corresponds to 0.96% of the total issued share capital.
Details of the Stock Options granted to Icelandair’s Executive Team:
Name | Position | Stock options granted | Stock options previously granted | Shares owned | Shares owned by financially related parties |
Bogi Nils Bogason | President & CEO | 22,100,000 | 0 | 0 | 23,625,000 |
Árni Hermannsson | M.D Aircraft Leasing and Consulting | 12,700,000 | 0 | 100,000 | 7,500,000 |
Elísabet Helgadóttir | Chief Human Resources Officer | 12,700,000 | 0 | 0 | 8,666,667 |
Gunnar Már Sigurfinnsson | M.D Air Freight and Logistics | 12,700,000 | 0 | 111,111 | 5,625,000 |
Ívar S. Kristinsson | Chief Financial Officer | 12,700,000 | 0 | 4,250,000 | 0 |
Jens Bjarnason | Chief Operating Officer | 12,700,000 | 0 | 166,666 | 0 |
Rakel Óttarsdóttir | Chief Digital Officer | 12,700,000 | 0 | 2,500,000 | 0 |
Sylvía Ólafsdóttir | Chief Customer Officer | 12,700,000 | 0 | 250,000 | 0 |
Tómas Ingason | Chief Revenue Officer | 12,700,000 | 0 | 57,405 | 7,500,000 |
Contact informationInvestors: Iris Hulda Thorisdottir, Director Investor Relations. E-mail: iris@icelandair.isMedia: Asdis Petursdottir, Director Communications. E-mail: asdis@icelandair.is
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