NIEUWEGEIN, the Netherlands, March 17 /PRNewswire/ -- As of 14 March 2008, the Supervisory Board has allocated options to the members of the Board of Management: 40,000 options to Mr Theo Bruijninckx, 30,000 options to Mr Ruud Jacobs 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 October 2006.
The exercise price is EUR 25.11, 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 allocation.
The options have a maximum exercise period of six years, starting from 14 March 2008, and can be exercised as of three years after the moment of allocation.
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.
To the editor: Further information: Ballast Nedam N.V., Adrie van Kessel, telephone number +31(0)30-285-41-61