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July 19, 2018
2. Acquire not more than 70,000 series A shares in Epiroc AB related to remuneration in the form of synthetic shares. The intention is to hedge the obligation of Epiroc AB to pay remuneration, including social charges, to a Board member who has chosen to receive 50% of the remuneration in synthetic shares.
3. Sell series A shares in Epiroc AB to cover costs related to synthetic shares to Board members giving a counter value of earlier issued synthetic shares and to cover social charges.
4. Sell not more than 8,600,000 series A shares in Epiroc AB in relation to the performance-based personnel option plans for 2014 and 2015 in connection with the exercise of rights under the personnel option plans and related costs in order to cover costs, primarily cash settlements in Sweden, for Share Appreciation Rights (SARs) and social costs.
The Epiroc Board decided to utilize the mandates granted by the Annual General Meeting to purchase, transfer and sell own shares as stated above in items 1. through 4. on the conditions presented to and approved by the Annual General Meeting.
Epiroc is a leading productivity partner for the mining, infrastructure and natural resources industries. With cutting-edge technology, Epiroc develops and produces innovative drill rigs, rock excavation and construction equipment, and provides world-class service and consumables. The company is based in Stockholm, Sweden, had revenue of SEK 31.4 billion in 2017, and has more than 13 000 passionate people supporting and collaborating with customers in more than 150 countries. Learn more at www.epirocgroup.com.