ALK B ALK-ABELLO A/S

Grant of share-based long-term incentive instruments to members of the Board of Management and key employees

Grant of share-based long-term incentive instruments to members of the Board of Management and key employees

ALK (ALKB:DC / OMX: ALK B / AKBLF): According to the Company’s remuneration policy adopted at the Company's Annual General Meeting on 23 March 2023 and in line with the Company’s usual practice, the Board of Directors has passed a resolution to grant up to a total of 250,000 share-based instruments for the purpose of the Company’s long-term incentive plan (LTIP) for the Board of Management and key employees for 2024.

The objectives of the LTIP are to incentivise and reward long-term value creation and to align the interests of the Board of Management and key employees with shareholders' interest by fulfilling the Company’s strategic goals. The grant of share-based instruments under the LTIP is based on principles supporting the long-term strategy of ALK in accordance with the Company’s remuneration policy.

The share-based instruments covered by the LTIP are share options and performance shares.

The share options are subject to the fulfilment of financial and/or non-financial key indicator(s) with a defined threshold, below which there would be no payout, and with the opportunity to perform above target. As in previous years, in case of performance above target, a defined multiplier is used that can increase the payout by up to 100%.

The share options can be exercised during a four-year period after vesting (commencing in 2027) during the trading windows following the release of annual and interim reports. If the share option holders have not exercised their options within the period specified, the share options will lapse without any compensation to the holders.

The exercise price of the share options has been set at DKK 126 each, corresponding to an average of the closing prices of the Company’s shares on Nasdaq Copenhagen during the period 21 to

27 March 2024 (both days included). The exercise price of the share options will be adjusted by dividends if dividends deviate from DKK 0 per share.

For performance shares issued under the LTIP, the final transfer of ownership of such instruments takes place three years after the grant (2027), and is subject to the fulfilment of financial and/or non-financial key indicator(s) with a threshold below which there will be no payout, and with the opportunity to perform above target. In case of performance above target, a defined multiplier is used that can increase the payout by up to 100%.

The market value of the LTIP for 2024 amounts to approximately DKK 24 million. The market value of the LTIP has been calculated on the basis of an appropriate average of the closing prices of the Company's shares on Nasdaq Copenhagen during relevant periods prior to the grant date in respect of the performance shares. In terms of share options comprised by the LTIP, the market value calculation has been conducted by applying the Black & Scholes model for valuation of options based on an assumed exercise price of DKK 126, an annual dividend distribution of DKK 0 per share, a volatility rate of 40% p.a. and a risk-free interest rate of 2.29% p.a.

Under the international financial reporting standards (IFRS), the incentive plan will be recognised in the income statement in the respective functional areas over the vesting period.

The grant of share-based instruments under the LTIP does not change the Company’s financial forecast.

No share-based instruments have been granted to members of the Board of Directors.

ALK-Abelló A/S

For further information please contact:

Anders Hedegaard, Chair of the Board of Directors, tel

About ALK

ALK is a global specialty pharmaceutical company focused on allergy and allergic asthma. It markets allergy immunotherapy treatments and other products and services for people with allergy and allergy doctors. Headquartered in Hørsholm, Denmark, ALK employs around 2,700 people worldwide and is listed on Nasdaq Copenhagen. Find more information at

 

Attachment



EN
03/04/2024

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on ALK-ABELLO A/S

 PRESS RELEASE

Invitation til præsentation af ALK’s regnskab for første halvår (Q2) 2...

Invitation til præsentation af ALK’s regnskab for første halvår (Q2) 2025 torsdag den 21. august 2025 ALK (ALKB.DC / OMX: ALK B) offentliggør delårsrapport for første halvår (Q2) af 2025 om morgenen torsdag den 21. august 2025. ALK afholder senere samme dag kl. 13.30 en præsentation for investorer og analytikere, hvor ledelsen kommenterer på resultat og forventninger samt besvarer spørgsmål. ALK vil være repræsenteret ved Peter Halling, Adm. direktør, Claus Steensen Sølje, Finansdirektør og Per Plotnikof, IR-chef.  Live audio-webcast Mødet audiocastes live på , hvor genafspilning af pr...

 PRESS RELEASE

Invitation to the presentation of ALK’s first six months (Q2) 2025 res...

Invitation to the presentation of ALK’s first six months (Q2) 2025 results on Thursday, 21 August 2025 ALK (ALKB.DC / OMX: ALK B) will publish its results for the first six months of 2025 in the morning on Thursday, 21 August 2025. Later on the same day, the company will host a presentation for investors and analysts at 1:30 p.m. CEST, where ALK’s management will comment on the results for the first six months and the outlook and be available for questions. ALK will be represented by Peter Halling, President & CEO, Claus Steensen Sølje, CFO and Per Plotnikof, VP, Head of IR.  Live aud...

 PRESS RELEASE

ALK opjusterer forventningerne til omsætningen i 2025

ALK opjusterer forventningerne til omsætningen i 2025 Intern viden ALK (ALKB:DC / OMX: ALK B) har i dag annonceret, at forventningerne til helåret er blevet opjusteret. Omsætningen forventes nu at stige med 12-14% i lokale valutaer (mod tidligere: 9-13% vækst).Forventningerne til EBIT-marginen er fortsat en stigning på 5 procentpoint til 25%. De opjusterede forventninger afspejler en højere omsætning end forventet i Europa i andet kvartal 2025 og bedre udsigter for resten af året. Andet kvartal var positivt påvirket af salget af adrenalin-autoinjektorer og momentum i table...

 PRESS RELEASE

ALK upgrades its full-year revenue outlook

ALK upgrades its full-year revenue outlook Inside information ALK (ALKB:DC / OMX: ALK B) today announced that the 2025 full-year financial outlook has been upgraded. Revenue is now expected to grow by 12-14% in local currencies (previously 9-13% growth). The operating profit (EBIT) margin is still expected to improve by 5 percentage points to 25%. The updated outlook reflects higher-than-expected revenue in Europe in Q2 and an improved outlook for the rest of the year. Q2 was positively influenced by sales of adrenaline autoinjectors and by the momentum for tablets in Europe which i...

 PRESS RELEASE

ALK’s tree pollen tablet (ITULAZAX®) now recommended by NICE for use i...

ALK’s tree pollen tablet (ITULAZAX®) now recommended by NICE for use in the UK health system ALK (ALKB:DC / OMX: ALK B) today announced that the National Institute for Health and Care Excellence (NICE) has recommended the use of the company’s tree pollen tablet ITULAZAX® for the treatment in adults. The recommendation allows for patients to gain access to ITULAZAX® through the National Health Service (NHS) systems in England, Wales, and Northern Ireland by making it eligible for general reimbursement. The recommendation of ITULAZAX® is another significant milestone for ALK, marking the sec...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch