Stockholm-Around 30 senior managers in the Hexagon group have spent a total of SKr 133 million (Euro 14.3 million) to buy over 700 000 series B shares in Hexagon AB, said a statement from the Swedish polymer and engineering group.
This purchase, via a new share issue, is equivalent to 4 percent of the share capital, and almost 3 percent of the number of votes,. Hexagon said.
Previous, during 2000 and 2001, Hexagon said, it offered senior executives of the company-those it considered to have the possibility of affecting the company's development-the chance to buy stock options in Hexagon. On each occasion the stock option has been purchased at current market value, and have in total cost participants just over Skr 7 million, the group added.