According to sect. 19 (Market Abuse Regulation) MAR, members of the Executive or the Supervisory Board as well as their close relatives have to notify transactions in securities of their own company.
The following table presents recent notifiable transactions:
|Name / Position||Date / Place||Type of transaction||Price [EUR]||No. of shares||Volume [EUR}|
|Lars Lehne (CEO)||Nov 28, 2016 (XETRA)||Buy||12.00||4 000||48 000|
|Wilfried Beeck (SB)||Feb 29, 2016 (XETRA)||Buy||8.986||10 000||89 860|
|Marco Seiler (CEO)||Oct 14, 2015 (OTC)||Sale||9.00||430 000||3 870 000|
|Andy Stevens (COO)||Oct 14, 2015 (OTC)||Sale||9.00||305 000||2 745 000|
|Michael Mädel (SB Chairman)||Oct 14, 2015 (OTC)||Sale||9.00||20 000||180 000|
|Wilfried Beeck (SB)||Oct 14, 2015 (OTC)||Sale||9.00||120 000||1 080 000|
|Marco Seiler (CEO)||May 29, 2015 (Xetra)||Sale||9.560||30 000||286 827|
|Marco Seiler (CEO)||May 25, 2015 (Xetra)||Sale||9.715||30 000||291 438|
|Marco Seiler (CEO)||May 15, 2015 (Xetra)||Sale||9.418||10 000||94 176|
|Marco Seiler (CEO)||Apr 15, 2015 (Xetra)||Sale||8.229||36 842||303 180|
|Andy Stevens (COO)||Feb 04, 2015 (Xetra)||Sale||7.850||2 620||20 568|
|Andy Stevens (COO)||Feb 02, 2015 (Xetra)||Sale||7.859||17 380||136 594|
|Michael Mädel SB (Chairman)||June 11, 2014 (Xetra)||Purchase||6.000||8 000||48 000|
Current holding of shares
Holdings of shares by Management and Supervisory Board members as at December 31, 2018, are disclosed in the following table.
|Number of shares||December 31, 2018||Dezember 31, 2017|
|Lars Lehne (CEO)||10,000||10.000|
|Frank Ladner (CTO)||-||-|
|Erwin Greiner (CFO)||-||-|
|Wilfried Beeck (Chairman)||10,000||10.000|
On May 29, 2009, the Company's shareholders approved an employee stock option plan which allows the Company to issue up to 1,200,000 stock options. The options can be exercised over a period of 5 years from the date of the issue, with 40 per cent of the options not being exercisable until at least 2 years have elapsed and the remaining 60 per cent not until 3 years have elapsed.
On June 27, 2012, the Company issued 300,000 options at an exercise price of EUR 3.11, thereof 300,000 were granted to members of the Management Board.
SYZYGY AG pays the difference between the exercise price and share price at the exercise date in cash instead of issuing new shares. Accordingly, the liabilities are recorded as accruals on a pro rata basis.
The members of the Management Board and Supervisory Board do not hold any options.