Pursuant to the mandate granted by Funcom N.V.'s General Meeting of Shareholders at 27 June 2011, the Supervisory Board of Funcom N.V. has, following approval in an Extraordinary General Meeting held today, issued 200,000 options to acquire shares in Funcom N.V. of which 150,000 options were granted to CEO Trond Arne Aas, and 50,000 options were granted to Pieter van Tol, both member of the Management Board of Funcom N.V.(see further details below).
With regard to these options the exercise price will be the average volume-weighted share price on the Oslo Stock Exchange for the five trading days preceding and the five trading days following the date the options are granted, 12 January, 2012.
One third of the options are vested each of the three years subsequent to the date of grant. All (remaining) options will expire three years and six months after the date of the grant of the options. The exercise of these options is subject to the Standard Terms for members of the Management Board under the Share Incentive Program of Funcom N.V.
Trond Arne Aas has today exercised 50,000 stock options at NOK 2.85 per share and Arminius AS, a company wholly owned by Trond Arne Aas, sold 250,000 shares. Number of stock options held after the transactions are 680,000, at conditions as mentioned above and previously announced, and number of shares held once the transactions have effectively been completed, including shares held by Arminius AS, is 1,257,825.
Number of stock options held by Pieter van Tol after the grant is 83,333 at conditions as mentioned above and previously announced, and number of shares held is 33,334.
Torleif Ahlsand, Vice-Chairman of the Supervisory Board of Funcom N.V., has today exercised 50,000 stock options at NOK 5.30 per share and sold 100,000 shares. Number of stock options held after the transactions are 150,000, at conditions as previously announced, and number of shares held once the transactions have effectively been completed, including shares held by his wholly owned company Brownske Bevegelser AS, is 250,000. In addition, Brownske Bevegelser AS holds one bond of USD 100,000, with a right to convert it into a total of 72,992 shares in Funcom N.V. at USD 1.37 per share (subject to adjustments stipulated in the bond loan agreement). The conversion right will be exercisable at any time during the period commencing on the 41st banking day following the issue date (22 December 2011) and ending on the tenth (10) banking day prior to the Maturity Date (22 December 2014) or, if earlier, the tenth (10) banking day prior to the date for redemption of the bonds. Mr. Ahlsand is a General Partner of Northzone Ventures, that holds 5,449,175 shares in Funcom N.V.
Mr. Frank Sagnier, member of the Management Board of Funcom N.V. has today sold 75,000 shares. Number of stock options held after the transaction is 200,000, at conditions as previously announced, and number of shares held is 93,000.
The above mentioned sales of shares were made at an average of NOK 15.02 per share for each person.
Badhoevedorp, The Netherlands, 12 January 2012
Funcom N.V.
This information is subject to the disclosure requirements acc. to § 5-12 vphl (Norwegian Securities Trading Act)
