A Kaulkin Ginsberg Publication
Interrior Concepts
11/21/2009

Intrum Justitia’s CEO Increases his Shareholding in the Company

May 29, 2008
 

The President and CEO of European debt buyer and collector Intrum Justitia has bought more of he company's stock.

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Intrum Justitia’s President and CEO, Michael Wolf, has decided to exercise 150,000 call options he purchased in 2006. Following the transaction, he holds 20,800 shares in the company, an increase of 5,000 shares. In addition, Michael Wolf has accepted an offer to purchase 150,000 call options from Cevian Capital L.P. which expire in two years.

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Michael Wolf previously held 150,000 call options expiring in 2009. Further, Michael Wolf was allotted 21,337 employee stock options as part of the 2008 long-term incentive program adopted by this year’s annual general meeting.

Intrum Justitia is Europe’s leading Credit Management Services (CMS) group, with revenues of approximately SEK 3.2 billion ($533 million) and around 3,100 employees in 24 markets. Intrum Justitia strives to measurably improve its customers’ cash flows and long-term profitability by offering high quality in relationships with both customers and debtors in each local market. The group offers a wide range of services to manage commercial and consumer receivables. Intrum Justitia AB (ticker IJ) is listed on the OMX Nordic Exchange in Stockholm, Mid Cap list. For more information, please visit www.intrum.com

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