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2016-10-26

IC Group A/S: Performance Shares

Pursuant to the authorization in the Remuneration Policy as adopted on the
Annual General Meeting on 28 September 2016, the Board of Directors of IC
Group A/S has decided to initiate a programme granting performance shares to
members of the Group's Global Management Team as well as other selected
executives and talented employees.

The intentions behind initiating this programme are to promote the alignment
of the interests of the Company's shareholders and the employees covered by
the programme, incentivize creation of long-term value and strengthen
retention of the employees covered by the programme.

The participants' opportunity for receiving performance shares is dependent on
the achievement of specific goals in respect of the Group's financial results
achieved in those financial years during which the programme runs
("Performance Period"). 50% of the performance shares granted is calculated
based on the realized revenue growth whereas 50% of the performance shares
granted is calculated based on realized earnings growth (EBIT). The grant
will be effectuated gradually on and after fulfilling 95% of the criteria
both in respect of revenue and EBIT.

The Performance Period covers the financial years 2016/17, 2017/18 and
2018/19, and, consequently, the grant may, at the earliest, take place
following the announcement of the Annual Report 2018/19. The grant of
performance shares is free of charge.

The programme is offered to the Group's Global Management Team and other
selected executives and talented employees resulting in a total number of 29
participants.

The number of shares granted is based on meeting the set criteria. Therefore,
the total number of performance shares granted under the programme may vary
from 0 to 79,901. The members of the Group's Global Management Team may, as a
maximum, be granted a number of performance shares corresponding to 50% of
their fixed annual salary (based on the monthly salary on 26 October 2016)
calculated by using the average closing price of the share of the five
previous trading days before 26 October 2016. The remaining participants of
the programme may, as a maximum, be granted a number of performance shares
corresponding to 25% or 15% of their fixed annual salary calculated by using
the same method.

During the Performance Period no grant of performance shares will take place,
and all shareholder rights and obligations will remain with the Company until
any grant is effectuated. When the grant has been effectuated, the ownership
of the shares in the Company is transferred to each participant, and the
participant is entitled to receive dividends and has all the rights and
obligations as shareholder of the Company. All participants are free to sell
the shares subject to applicable laws and the Company's internal rules for
trading in Company shares.

Should a participant choose to leave IC Group before the time of grant, the
participant will lose his/her right to the performance shares.

The grant criteria, Performance Period as well as the number of performance
shares, which may be granted each participant, are determined by the Board of
Directors' Remuneration Committee and have been approved by the Board of
Directors. The Board of Directors may change the number of performance shares
in connection with changes to the Company's share capital and may adjust the
grant criteria in respect of both revenue and EBIT in case of
acquisitions/divestments or any significant changes of the market conditions,
etc.

IC Group A/S

Henrik Heideby
Chairman of the Board of Directors

Please direct any questions regarding this announcement to:

Jens Bak-Holder
Head of Investor Relations
+45 21 28 58 32

This announcement is a translation from the Danish language. In the event of
any discrepancy
between the Danish and English versions, the Danish version shall prevail.

22_UK_Performance_Shares_26102016
http://hugin.info/171579/R/2051716/767687.pdf

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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: IC Group A/S via Globenewswire

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