The Board of Directors in AcadeMedia AB (publ) has been informed by the company’s principal shareholder Mellby Gård AB that members of the executive management in AcadeMedia have acquired synthetic options relating to AcadeMedia issued by Mellby Gård.
Mellby Gård has offered members of the executive management in AcadeMedia to acquire synthetic options relating to AcadeMedia issued by Mellby Gård. In total 681 000 synthetic options have been acquired at a price corresponding to the market value of the options. The total market value of the options has been calculated to SEK 2.7 million.
The synthetic options are related to AcadeMedia’s ordinary share with a maturity of more than three years. The options may be exercised during a period of two months from the day after publication of AcadeMedia’s half year report for the period 1 July – 31 December 2021. The exercise price per option is SEK 52.30, which corresponds to 120 percent of the volume-weighted price paid for AcadeMedia’s ordinary share on Nasdaq Stockholm during the period 12–16 November 2018. 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 28.80 per option. The option holder will not receive any cash payment if the market value is less than the exercise price.
Mellby Gård has, in connection with the offer, also offered members of the executive management in AcadeMedia to enter into a loan agreement to finance part of the cost for acquiring the synthetic options. Through this loan agreement, the members of the executive management have been offered to borrow 50 percent of the total amount to be paid for the options.
AcadeMedia AB has not been involved in the offer to acquire options or the loan offer that have been provided by Mellby Gård to the executive management in AcadeMedia.
For more information, please contact:
Marcus Strömberg, CEO
Telephone: +46 8 794 4200
Eola Änggård Runsten, CFO
Telephone: +46 8 794 4240
AcadeMedia creates opportunities for people to develop. The 15,300 employees at our 655 preschools, compulsory schools, upper secondary schools and adult education centres share a common focus on quality and development. Our 178,800 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.academedia.se