NIEUWEGEIN, The Netherlands, March 14, 2011 /PRNewswire-FirstCall/ -- As of 11 March 2011, the Supervisory Board has allocated options to the members of the Board of Management: 40,000 options to Mr Theo Bruijninckx and 30,000 options to Mr Romeo Malizia.
The options are allocated in accordance with the options regulations as determined during the Extraordinary General Meeting of Shareholders on 26 October 2006.
The exercise price is EUR 15.29 which represents the average closing price of shares of the Ballast Nedam N.V. certificate of deposit on NYSE Euronext Amsterdam on the five trading days up to and including the day of allocation.
The options have a maximum exercise period of six years, starting from 11 March 2011, and can be exercised as of three years after the moment of allocation.
The option holders should invest their own capital in the business by purchasing and retaining a number of certificates of deposit to the value of at least 5% of the number of options not yet exercised.
Ballast Nedam has a leading position in construction and infrastructure. The company operates mainly in the Netherlands on integrated and other projects for companies, public authorities and housing consumers, in the fields of mobility, housing, employment, leisure and energy. Ballast Nedam operates internationally in various areas of expertise. Ballast Nedam supplies project, process and contract management in the development, implementation and management phases. The company also provides specialized know-how and skills, and semi-finished and finished products. Ballast Nedam is listed on NYSE Euronext in Amsterdam. The share is included in the Amsterdam Small Cap Index.
SOURCE Ballast Nedam NV