Share options granted to management board members under a stock option plan (32/2012)
Mr. Mirosław Godlewski, President of the Management Board, was granted 690,000 (six hundred ninety thousand) Stock Options, and Messrs. Jonathan Eastick and Tom Ruhan were granted 345,000 (three hundred forty five thousand) Stock Options each. The strike price for the options granted to the Management Board equals PLN 6.16 and the earliest vesting date is April 25, 2015. The final exercise date for all granted Stock Options shall be May 26, 2020.
Furthermore, these Stock Options may be cancelled in whole or in part depending on the Netia Group’s performance against business criteria for 2012. These business criteria have been set by the Supervisory Board on the basis of the Group’s 2012 budget which in turn was accepted by the Supervisory Board.
Moreover, the Supervisory Board authorized the Management Board of the Company to grant to employees of the Netia Group the Stock Options for the year 2012 in the total amount of 2,144,000 (two million one hundred forty four thousand).