Press release June 16, 2017
Systemair ABs main owner Färna Invest AB, controlled by Gerald Engström, chairman of the board of Systemair, posed during 2014 520 000 call options for Systemair shares to senior executives at Systemair.
Password has now been requested in respect of all the 520 000 warrants. Färna Invest AB has in connection therewith offered to provide the cashless exercise and kontantlösen of call options. In order to finance the partial cashless exercise and kontantlösen of options that program participants have requested, Färna Invest AB has sold the 390 750 Systemair shares to certain institutional investors.
Any dilution or charge does not arise for Systemair in reason of the exercise of the warrants.
For more information, please contact:
Gerald Engström, Chairman Of The Board, + 46 222 44 001, + 46 70 519 00 01
Anders Ulff, CFO, +46 222 44 009, + 46 70 577 40 09
Systemair AB, 739 30 Skinnskatteberg, +46 222 440 00, www.systemair.com
Systemair in brief
Systemair is a leading ventilation company with operations in 50 countries in Europe, North and south America, the Middle east, Asia and south Africa. The company had a turnover of sek 6.9 billion fiscal year 2016/17 and currently has about 5 200 employees Since the establishment of Systemair in 1974, the company has shown positive operating results. During the past 15 years, the average growth rate amounted to approximately 10 per cent.
Systemair has well-established operations in emerging markets. The group’s products are marketed under the brand names Systemair, Frico, Fantech and Menerga. Systemair is since October 2007, listed on the OMX Nordic exchange in Stockholm on the list for medium-sized companies. The group comprises about 70 companies.
Pressrelease_Lösen-call options program