Icelandair: Granting of Stock Options

The Board of Directors of Icelandair Group has agreed to implement the resolution made at the Company's Annual General Meeting last year, on 3 March 2022, to introduce a Stock Option Program.The Company's Executive Team and other employees at Director level, in total 51 employees, will be granted the right to purchase a total of up to 393,300,000 shares through Stock Option Agreements, thereof 123,700,000 to the Executive Team.Key terms and conditions of the agreements are as follows: ...

Reykjavík, 28/04/2023 (informazione.it - comunicati stampa - turismo)

The Board of Directors of Icelandair Group has agreed to implement the resolution made at the Company's Annual General Meeting last year, on 3 March 2022, to introduce a Stock Option Program.

The Company's Executive Team and other employees at Director level, in total 51 employees, will be granted the right to purchase a total of up to 393,300,000 shares through Stock Option Agreements, thereof 123,700,000 to the Executive Team.

Key terms and conditions of the agreements are as follows:

Other key terms and conditions:

The Company's cost of the Stock Option Plan is estimated to be around USD 1.7 million over the next 3 years based on the Black-Scholes model. The total number of stock options granted corresponds to 0.96% of the total issued share capital.

Details of the Stock Options granted to Icelandair's Executive Team:

Contact information
Investors: Iris Hulda Thorisdottir, Director Investor Relations. E-mail:  iris@icelandair.is
Media: Asdis Petursdottir, Director Communications. E-mail:  asdis@icelandair.is

Attachments