Call Option Scheme issued by the main owners

Cloetta's main owners, AB Malfors Promotor, Nordic Capital and CVC (through holding companies), have issued call options that members of the executive management and certain other key employees have acquired at market terms. The call options have been granted by the main owners in order to promote the commitment to the company's development. The call options are exercisable during three different time periods; the first during the coming two years, the second between year 2 and year 3, and the third between year 3 and year 4. The options comprise in the aggregate 6,619,926 B-shares in the company (subject to recalculation according to customary terms).
Cloetta does not contribute to the call option scheme and will not incur any costs related to the scheme. The call option scheme does not bring any dilution of current shareholders’ holdings.

For information on executive management’s holdings of call options read more here

Convertible note program

An extraordinary general meeting on 20 March 2009 resolved on a convertible program for all Cloetta employees. According to the terms and conditions, conversion would be possible from 25 February 2011 to 25 February 2012, both dates inclusive, and accordingly, no further conversion in this program will occur. In total 567,279 B-shares have been issued due to conversion under the program. Upon full conversion, 1,004,889 B-shares would have been issued.