Ballast Nedam: Allocation of Options to Members Board of ManagementBy Ballast Nedam Nv, PRNE
Sunday, March 13, 2011
NIEUWEGEIN, The Netherlands, March 14, 2011 - As of 11 March 2011, the Supervisory Board has allocated options to the
members of the Board of Management: 40,000 options to Mr Theo Bruijninckx and
30,000 options to Mr Romeo Malizia.
The options are allocated in accordance with the options regulations as
determined during the Extraordinary General Meeting of Shareholders on 26
The exercise price is EUR 15.29 which represents the average closing
price of shares of the Ballast Nedam N.V. certificate of deposit on NYSE
Euronext Amsterdam on the five trading days up to and including the day of
The options have a maximum exercise period of six years, starting from 11
March 2011, and can be exercised as of three years after the moment of
The option holders should invest their own capital in the business by
purchasing and retaining a number of certificates of deposit to the value of
at least 5% of the number of options not yet exercised.
Ballast Nedam has a leading position in construction and infrastructure.
The company operates mainly in the Netherlands on integrated and other
projects for companies, public authorities and housing consumers, in the
fields of mobility, housing, employment, leisure and energy. Ballast Nedam
operates internationally in various areas of expertise. Ballast Nedam
supplies project, process and contract management in the development,
implementation and management phases. The company also provides specialized
know-how and skills, and semi-finished and finished products. Ballast Nedam
is listed on NYSE Euronext in Amsterdam. The share is included in the
Amsterdam Small Cap Index.
Note for the editorial staff: Further details can be obtained from Ballast Nedam N.V., Adrie van
Kessel, telephone +31-30-285-41-61 or +31-6-22-45-71-85
Tags: Ballast Nedam NV, March 14, Netherlands, Nieuwegein, The Netherlands