{"id":4708,"date":"2018-07-23T16:51:57","date_gmt":"2018-07-23T14:51:57","guid":{"rendered":"https:\/\/allgeier-se.seowerk.net\/uncategorized\/dgap-news-allgeier-se-explanation-on-the-exercise-of-stock-options\/"},"modified":"2018-07-23T16:51:57","modified_gmt":"2018-07-23T14:51:57","slug":"dgap-news-allgeier-se-explanation-on-the-exercise-of-stock-options","status":"publish","type":"post","link":"https:\/\/allgeier-se.seowerk.net\/en\/press-releases\/dgap-news-allgeier-se-explanation-on-the-exercise-of-stock-options\/","title":{"rendered":"DGAP-News: ALLGEIER SE: Explanation on the exercise of stock options"},"content":{"rendered":"<pre>DGAP-News: ALLGEIER SE \/ Key word(s): Statement\nALLGEIER SE: Explanation on the exercise of stock options\n\n23.07.2018 \/ 16:51\nThe issuer is solely responsible for the content of this announcement.\n\n---------------------------------------------------------------------------\n\nMunich, 23 July 2018 - In response to inquiries, the Executive Board of\nAllgeier SE provides the following explanation on the exercise of stock\noptions:\n\nIndividual members of the Executive Board of Allgeier SE have a long-term\ncomponent in the form of stock options as part of their remuneration. In\n2012, a total of 380,000 option rights were issued from the 2010 Stock\nOption Plan to persons who are currently members of the Allgeier SE\nExecutive Board. A further 140,000 option rights from the 2014 stock option\nplan followed in 2017, for which the waiting period has not yet expired.\nEach option right has a term of 10 years and can only be exercised after a\nwaiting period of 4 years. Exercise is only possible within 14-day exercise\nwindows after the publication of an annual or semi-annual report and after\nthe publication of a quarterly announcement and the Annual General Meeting.\nIn addition, the exercise is subject to an annual restriction so that the\noption rights can only be exercised over a period of several years. When\noption rights are exercised, the exercise price must be paid to Allgeier SE.\nThe resulting exercise gain is subject to personal income tax. In order to\nfinance the exercise price and tax payments, it is necessary in individual\ncases that part of the newly created shares are sold directly in the course\nof the exercise. This is ordered in course of the exercise. However, the\nexecution of the sales may be delayed by some days and may take place in\npartial executions due to a delayed booking of the new shares in the\nsecurities account and due to the market's capacity to absorb new shares in\ndaily trading.\n\nIn the current year 2018, two members of the Executive Board, Mr. Carl Georg\nD\u00fcrschmidt and Dr. Marcus Goedsche, have each exercised 36,000 option rights\nto date. Mr. Carl Georg D\u00fcrschmidt has not sold any of the new shares. With\nthe last exercise of 21,000 option rights on July 10, 2018, Dr. Marcus\nGoedsche simultaneously ordered the sale of part of the new shares (17,000\nshares). The sale was then effected after July 10, 2018 by the mandated bank\nwithout the influence of the Executive Board member. In total, Mr. Carl\nGeorg D\u00fcrschmidt has acquired a total of 36,000 new shares and Dr. Marcus\nGoedsche has acquired a total of 19,000 shares after deduction of the shares\nsold in 2018 and continue to hold these. The corresponding Directors'\nDealings notifications have been made in due time. The members of the\nExecutive Board currently still hold 308,000 option rights from the 2010\nstock option plan and 140,000 option rights from the 2014 stock option plan.\nThis means that further options will be exercised regularly in the future.\n\nExecutive Board of Allgeier SE\n\nContact:\n\nAllgeier SE\nCorporate Communications &amp; Investor Relations\nDr. Christopher Gro\u00dfe\nWehrlestra\u00dfe 12\n81679 Munich\nPhone: +49 (0)89\/998421-0\nFax: +49 (0)89\/998421-11\nE-Mail: ir@allgeier.com\nWeb: www.allgeier.com\n\nAllgeier SE is one of the leading IT companies for digital transformation:\nWith a growth strategy geared to innovations and future trends as well as an\nintegrative entrepreneurial model, Allgeier is seizing the opportunities of\ndigitization. Four segments with individual technical and industry-related\nfocal points work together for around 3,000 customers from almost all\nsectors. With around 8,000 employees and more than 1,400 freelance experts,\nAllgeier offers customers a comprehensive portfolio of solutions and\nservices as a one-stop shop. With its highly flexible delivery model,\nAllgeier covers the entire IT service spectrum from onsite to nearshore to\noffshore: With strong footholds in India and China, flexibility and highest\nscalability of services as well as highly qualified expert knowledge in\nhigh-end software development are ensured. Allgeier's customers include\nglobal corporations as well as innovative medium-sized companies that want\nto secure strategic advantages through high-performance IT solutions,\nintelligent software and flexible personnel services. The rapidly growing\ngroup with headquarters in Munich has more than 120 branches in the DACH\nregion, ten other European countries as well as in India, China, Singapore,\nVietnam, Malaysia, Japan, South Africa, Australia, Mexico and the USA. In\nthe 2017 financial year, Allgeier generated consolidated sales of EUR 574\nmillion in continuing operations. The company is listed in the General\nStandard on the Regulated Market of the Frankfurt Stock Exchange (WKN\nA2GS63, ISIN DE000A2GS633). Allgeier SE is one of the ten leading IT\nconsulting and system integration companies in Germany according to the 2018\nL\u00fcnendonk(R) list. In the L\u00fcnendonk(R) special analysis 2017 \"Leading German\nmedium-sized IT consulting and system integration companies\", Allgeier takes\nfirst place. According to the 2017 L\u00fcnendonk(R) market segment study \"The\nmarket for recruitment, placement and management of IT freelancers in\nGermany\", Allgeier Experts is among the top 3 IT personnel service providers\nin Germany. Allgeier SE is listed in the General Standard on the Regulated\nMarket of the Frankfurt Stock Exchange (WKN A2GS63, ISIN DE000A2GS633).\nFurther information at: www.allgeier.com.\n\n\n---------------------------------------------------------------------------\n\n23.07.2018 Dissemination of a Corporate News, transmitted by DGAP - a\nservice of EQS Group AG.\nThe issuer is solely responsible for the content of this announcement.\n\nThe DGAP Distribution Services include Regulatory Announcements,\nFinancial\/Corporate News and Press Releases.\nArchive at www.dgap.de\n\n---------------------------------------------------------------------------\n\n   Language:    English\n   Company:     ALLGEIER SE\n                Wehrlestra\u00dfe 12\n                81679 M\u00fcnchen\n                Germany\n   Phone:       +49 (0) 89 - 99 84 21 0\n   Fax:         +49 (0) 89 - 99 84 21 11\n   E-mail:      info@allgeier.com\n   Internet:    https:\/\/www.allgeier.com\n   ISIN:        DE000A2GS633\n   WKN:         A2GS63\n   Indices:     CDAX\n   Listed:      Regulated Market in Frankfurt (General Standard);\n                Regulated Unofficial Market in Berlin, Dusseldorf,\n                Hamburg, Stuttgart, Tradegate Exchange\n\n\n\n   End of News    DGAP News Service\n---------------------------------------------------------------------------\n\n707109 23.07.2018\n<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>DGAP-News: ALLGEIER SE \/ Key word(s): Statement ALLGEIER SE: Explanation on the exercise of stock options 23.07.2018 \/ 16:51 The issuer is solely responsible for the content of this announcement. &#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212; Munich, 23 July 2018 &#8211; In response to inquiries, the Executive Board of Allgeier SE provides the following explanation  [&#8230;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[54],"tags":[],"class_list":["post-4708","post","type-post","status-publish","format-standard","hentry","category-press-releases"],"_links":{"self":[{"href":"https:\/\/allgeier-se.seowerk.net\/en\/wp-json\/wp\/v2\/posts\/4708","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/allgeier-se.seowerk.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/allgeier-se.seowerk.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/allgeier-se.seowerk.net\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/allgeier-se.seowerk.net\/en\/wp-json\/wp\/v2\/comments?post=4708"}],"version-history":[{"count":0,"href":"https:\/\/allgeier-se.seowerk.net\/en\/wp-json\/wp\/v2\/posts\/4708\/revisions"}],"wp:attachment":[{"href":"https:\/\/allgeier-se.seowerk.net\/en\/wp-json\/wp\/v2\/media?parent=4708"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/allgeier-se.seowerk.net\/en\/wp-json\/wp\/v2\/categories?post=4708"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/allgeier-se.seowerk.net\/en\/wp-json\/wp\/v2\/tags?post=4708"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}