AcadeMedia’s CEO has acquired synthetic options relating to AcadeMedia and will divest part of his shareholding
The Board of Directors in AcadeMedia AB (publ) has been informed by the company’s principal shareholder Mellby Gård AB that the CEO of AcadeMedia, Marcus Strömberg, has acquired synthetic options relating to AcadeMedia issued by Mellby Gård. Marcus Strömberg will divest 150,000 shares to Mellby Gård at a price of SEK 83.07 per share to finance the cost for acquiring the synthetic options among other things. AcadeMedia AB has not been involved in the offer to acquire options provided by Mellby Gård to AcadeMedia’s CEO.
Mellby Gård has offered AcadeMedia’s CEO, Marcus Strömberg, to acquire synthetic options relating to AcadeMedia issued by Mellby Gård. Marcus Strömberg has acquired 287,357 synthetic options at a price corresponding to the market value of the options, which has been calculated to SEK 1.5 million.
Marcus Strömberg will divest 150,000 shares to Mellby Gård at a price of SEK 83.07 per share to finance, among other things, the cost for acquiring the synthetic options.
- I am pleased that Mellby Gård continue to show a will to invest long-term in AcadeMedia’s development together with me. The capital that will be released at the share divestment after tax will, in addition to the reinvestment in AcadeMedia, be used to repay debt from previous share acquisitions and to purchase a private home, says Marcus Strömberg, CEO of AcadeMedia.
- We are a long-term owner of AcadeMedia and we see a great potential in the company’s continued development. We now increase our ownership and we are happy that Marcus Strömberg want to continue to develop AcadeMedia together with us, says Johan Andersson, CEO of Mellby Gård.
Additional changes to CEO Marcus Strömberg’s holding in AcadeMedia
In conjunction with the publication of AcadeMedia’s quarterly report for the second quarter 2020/21, the share matching plan 2017 (AMP 2017) expired and the first subscription period for AcadeMedia’s warrant program 2017 opened. Both programmes have been running since the 2017 Annual General Meeting. Due to these events, the following changes have taken place:
- AcadeMedia’s CEO will increase his number of shares by 7,673 ordinary shares following the end of the share matching plan.
- AcadeMedia’s CEO divested 52,500 warrants at a price of 14.04 SEK per warrant. Mellby Gård, the principal owner, acquired all warrants.
After these transactions, AcadeMedia’s CEO will have the following holding in AcadeMedia
- 153,521 shares
- 100,000 synthetic options issued by Mellby Gård 2018
- 287,357 synthetic options issued by Mellby Gård 2021
All calculations are done in accordance with market-based principles.
Facts: the synthetic options issued by Mellby Gård 2021
The synthetic options are related to AcadeMedia’s ordinary share with a maturity of just over two years. The options can be exercised during the period February – October 2023. The exercise price per option is SEK 95, which corresponds to 115 percent of the volume-weighted price paid for AcadeMedia’s ordinary share on Nasdaq Stockholm during the period 8-12 February 2021. When exercising the option, the option holder will receive a cash payment from Mellby Gård corresponding to the market value of the ordinary share reduced by the exercise price, however, no more than SEK 25 per option. The option holder will not receive any cash payment if the market value is less than the exercise price. The Board of Directors in AcadeMedia has been informed about this offer to the CEO of AcadeMedia, in accordance with current regulation.
For more information, please contact:
Hanna Clausén, IR
Telephone: +46 8 794 42 62
E-mail: hanna.clausen@old.academedia.duvadev.se
Paula Hammerskog, Director of Communications
Telephone: +46 73-334 87 50
E-mail: Paula.Hammerskog@old.academedia.duvadev.se
About AcadeMedia
AcadeMedia creates opportunities for people to develop. The 17,600 employees at our 661 preschools, compulsory schools, upper secondary schools, and adult education centres share a common focus on quality and development. Our 182,000 children and students are provided with a high-quality education, giving them the best conditions to attain both learning objectives and their full potential as individuals. AcadeMedia is Northern Europe Ìs largest education company, with locations/facilities/presence in Sweden, Norway, and Germany. Our size gives us the capacity to be a robust, long term partner to the communities we serve. More information about AcadeMedia is available on www.old.academedia.duvadev.se.
About us
AcadeMedia creates opportunities for people to develop. Our 18,870 employees at our 700 units (preschools, primary schools, high schools, adult education) have a common focus on quality and development.