Metro International (“Metro”), the world’s largest international newspaper, today announced that company management has bought shares as part of the Long Term Incentive Plan (“LTIP”) programmes set up in 2009 and 2010.
As part of the LTIP programmes approved at the AGMs in 2009 and 2010, company management has bought a total amount of 1,708,566 Metro shares during December 2011. Company management who participated in the LTIP included Per Mikael Jensen (CEO), Anders Kronborg (CFO), Pablo Mazzei (EVP Latin America), Johanna Oberg (EVP Commercial), Andreas Ohlson (MD of Metro Sweden) and Peter Kuo (MD of Metro Hong Kong). See table below for an overview.
|Name||Position||Nr of acquired shares|
|Per Mikael Jensen||CEO||774,035|
|Pablo Mazzei||EVP Latin America||205,811|
|Johanna Oberg||EVP Commercial||40,000|
|Andreas Ohlson||MD Metro Sweden||155,262|
|Peter Kuo||MD Metro Hong Kong||214,402|
|Total amount of shares||1,708,566|
Furthermore, Mr Jensen has been granted 925,980 shares as part of his employment contract. The shares should have been granted to Mr Jensen in July 2010 and July 2011.
The company management has not been in a position where they could buy shares since the fall of 2009 due to ongoing projects that have provided company management with knowledge that could be seen as insider information.
For further information please visit www.metro.lu or contact:
|Anders Kronborg||CFO||Tel: +44 79 1254 0800|
ABOUT METRO INTERNATIONAL AND METRO
Metro is the largest international newspaper in the world. Metro is published in over 100 major cities in 22 countries across Europe, North & South America and Asia. Metro has a unique global reach – attracting a young, active, well-educated Metropolitan audience of over 17 million daily readers.
Metro International S.A. shares are listed on Nasdaq OMX Stockholm through Swedish Depository Receipts of series A and series B under the symbols MTROA and MTROB.