Santa Fe Group A/S grants share options under the long-term incentive program (‘LTIP’) - Company announcement no. 5/2018

Santa Fe Group A/S
East Asiatic House
20 Indiakaj
DK-2100 Copenhagen O
Denmark
Tel.: +45 3525 4300
E-mail: sfg@santaferelo.com
Web: www.santaferelo.com
CVR.nr.: 26 04 17 16

Date: 23 April 2018

Company announcement no. 5/2018

Santa Fe Group A/S grants share options under the long-term incentive program (‘LTIP’)

The Board of Directors of Santa Fe Group A/S (the "Company” or "Santa Fe”) has decided to grant up to 311,500 share options to the Executive Board and certain other employees under the LTIP. The terms governing the LTIP are in accordance with the Remuneration Policy and Incentive Guidelines as approved by the Company’s general meeting on 27 March 2017. The grant is offered as part of the Company’s continued efforts to create value and align performance with shareholder interest.

The share options are granted with a vesting period of 3 years and an exercise price per share of DKK 37.9, being the average closing price for the first 20 trading days following the Annual General Meeting held on 27 March 2018. Options may vest subject to realising a specific target for EBITDA before special items by the end of the financial year 2020 and subject to continued employment and retained ownership of a specific number of Santa Fe shares. Subsequent to vesting, the share options may be exercised for a two-year period during open trading windows, subject to continued employment and retained ownership of specific number of Santa Fe shares. Options having vested, which have not been exercised during the exercise period, will lapse without further notice or compensation.

The theoretical market value of the share options granted is DKK 2.9m, which has been calculated using the Black Scholes model.

The Company expects to cover its obligations to deliver shares upon exercise of share options through its portfolio of treasury shares.

Pursuant to Article 19 of EU Regulation No. 596/2014 of 16 April 2014 Santa Fe Group A/S shall make public transactions with shares and related securities of Santa Fe Group A/S by persons discharging managerial responsibilities and persons/companies closely associated with these.

For additional information, please contact:

Martin Thaysen, Group CEO, tel. +44 20 3691 8300, e-mail Martin.Thaysen@santaferelo.com

Christian Møller Laursen, Group CFO, tel. +44 20 8963 2514, e-mail

Christian.Laursen@santaferelo.com

Attachment

• LTIP announcement 200418 Final - UK