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Page headingMetro purchases 2m call options to hedge SOP

27.09.2002

Metro purchases 2m call options to hedge SOP

METRO AG has used the recent capital markets’ weakness to fully hedge the fourth tranche of stock options issued.

METRO AG has used the recent capital markets’ weakness to fully hedge the fourth tranche of stock options issued. The company has purchased some two million METRO AG call options at an average price of 2.64 Euro. As this was standard practice for the previous three tranches as well, all financial effects of its SOP are fully accounted for and included in METRO AG’s accounts.

Within its program for EVA-performance-related compensation, METRO AG has issued stock options to the Group’s 481 senior and top management in the fourth tranche. Following the company’s annual stockholders’ meeting, the strike price for this tranche was fixed at 28.73 Euro. With an expected improvement of 30% over the blocking period, the corresponding exercising barrier is 37.35 Euro. The exercise period will start at the first banking day in Frankfurt following the ordi-nary Annual General Meeting in May 2005.

METRO AG will publish its Q3 accounts on 31 October 2002.

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