NACKA STRAND, Sweden--(BUSINESS WIRE)--Regulatory News:
Hexagon’s (STO:HEXAB) current warrant programme for senior managers and key employees that was launched in 2011 matures in December 2015. To secure commitment from key employees for the long-term, the Board of Directors of Hexagon has decided to propose a new warrant programme in connection with the notice for the Annual General Meeting. Details will be included in such notice which will be made public in April 2015, but it is intended that the programme’s duration shall be five years.
Ola Rollén comments:
"I strongly believe in Hexagon’s future. Over the last 15 years the company has proven its ability to combine organic growth with acquisitions while continuing to increase margins. I expect the coming years to be just as exciting and I plan to be a part of that journey. As such, I intend to remain Hexagon’s President and CEO for many years to come.”
“Furthermore, I believe it’s extremely important for senior management and key employees of Hexagon to have the opportunity to align personal interests with company goals by investing side by side with our shareholders. To demonstrate my personal commitment to Hexagon’s future I plan to subscribe to up to two million new warrants under a new programme, giving me the future right to convert those warrants into up to two million shares.”
“On a personal note I am also pleased to announce I have decided to form my own holding company open for co-investors. Over the years I have come in contact with a number of highly interesting investment opportunities in the technology sector, outside the scope of Hexagon, and this gives me a chance to pursue them. I will be the principal shareholder in this entrepreneurial venture but I will not have any operational responsibilities that could impact my role as President and CEO of Hexagon. Instead, I will recruit an external management team to run operations. I am proud and happy to announce that Melker Schörling will support me and invest in this new venture.”
“To finance these investments I have sold one million of my two million Hexagon shares and I have also exercised my 300,000 warrants.”
Melker Schörling (Chairman of Hexagon’s Board of Directors) comments:
"I am delighted to have Ola Rollén lead and contribute to Hexagon’s continued success during many more years to come and I am pleased to have the opportunity to support him as an investor in his new venture. My ambition is that such investment will be executed via Melker Schörling AB.”
Hexagon is a leading global provider of information technologies that drive productivity and quality across geospatial and industrial enterprise applications. Hexagon's solutions integrate sensors, software, domain knowledge and customer workflows into intelligent information ecosystems that deliver actionable information. They are used in a broad range of vital industries. Hexagon (Nasdaq Stockholm: HEXA B) has more than 15,000 employees in 46 countries and net sales of approximately 2.6bn EUR. Learn more at www.hexagon.com.
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