Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
05.09.2019 / 17:30
The issuer is solely responsible for the content of this announcement.
1. Details of the person discharging managerial responsibilities / person closely associated
a) Name
| Title: | | | First name: | Michael | | Last name(s): | Storl |
2. Reason for the notification
a) Position / status
| Position: | Member of the administrative or supervisory body |
b) Initial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name
b) LEI
4. Details of the transaction(s)
a) Description of the financial instrument, type of instrument, identification code
| Type: | Share | | ISIN: | DE000A1EWWW0 |
b) Nature of the transaction
| The Supervisory Board member participates in the adidas employee stock purchase plan. In this regard, he agreed with adidas AG that he invests a percentage of 5% of his monthly salary – provided he does not change or terminate his participation – in the acquisition of adidas AG shares which is supported by adidas AG with a 15% discount on the market price. A plan administrator purchases adidas AG shares for the Supervisory Board member at the end of a quarter.The participants receive free matching shares in a ratio of 1:6 from adidas AG at the end of the holding period of one year. Matching shares that have vested shall be delivered to the participants by the Company to the custody account at or promptly following the end of the applicable vesting period. If the entitlement of a participant to matching shares does not correspond to a whole share, the participant will be issued a fraction of a share in the same ratio.Furthermore, participants are entitled to dividends for their full investment shares and matching shares. Participants are entitled to fractional dividends for their fractional shares and matching shares. As long as the participant maintains his/her shares in the custody account, dividends paid in respect of such shares will not be paid out in cash but will be applied by the custodian bank (less commissions, transaction fees, taxes and levies) to the purchase of additional shares. The delivery of the additional shares to the custody account for the benefit of the participant will occur as soon as practicable after the purchase. These shares will be acquired at their market price, without a discount. Shares acquired by reinvestment of dividends do not give entitlement to matching shares. | | Transaction linked to the exercise of share option programmes |
c) Price(s) and volume(s)
| Price(s) | Volume(s) | | not numberable | not numberable |
d) Aggregated information
| Price | Aggregated volume | | not numberable | not numberable |
e) Date of the transaction
f) Place of the transaction
05.09.2019 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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