DSV Annual Report 2022
104
DSV Annual Report 2022 Parent Company financial statements 2022
= III
Supplementary information
Share option schemes at 31 December 2022
Scheme
Executive
Key
Average
exercise price
Exercise period
Board
employees
Total
per option
19. Share option schemes
DSV A/S has issued share options to key employees and members of the
Executive Board of the Company. Refer to note 6.2 to the consolidated
financial statements for a list of current incentive share option schemes
and a description of the assumptions used for the valuation of the share
options granted in 2022. Total costs recognised in 2022 for services re-
ceived but not recognised as an asset amounted to DKK 36 million (2021:
DKK 27 million). The average share price for options exercised in the
financial year was DKK 1,097.7 per share at the date of exercise.
20. Investments in Group entities
DSV A/S owns the following subsidiaries, all of which are included in the
consolidated financial statements:
Ownership Ownership
2018*
* Share options granted in 2018 and 2019 are currently exercisable.
2019*
28.03.2021 - 28.03.2023
29.03.2022 - 27.03.2024
190,000
58,000
248,000
477.5
190,000
154,000
344,000
545.0
2020
31.03.2023 31.03.2025
202,000
283,250
485,250
560.0
2021
01.04.2024 - 31.03.2026
168,750
239,925
408,675
1,325.0
2022
01.04.2025 - 31.03.2027
198,250
263,675
461,925
1,485.0
Outstanding at 31 December 2022
949,000
998,850 1,947,850
926.7
Open for exercise at 31 December 2022
Life (years)
380,000
212,000
592,000
516.7
Market value (DKKm)
2
350
3
3
n.a.
299
650
n.a.
Average
2022
2021
DSV Road
Holding A/S
100%
100%
DSV Air & Sea
Holding A/S
100%
100%
DSV Solutions
Holding A/S
100%
100%
DSV Insurance A/S
100%
100%
DSV Group
Services A/S
100%
100%
DSV FS A/S
100%
100%
Registered Share capital
office (DKKm)
Hedehusene,
Denmark
Hedehusene,
Denmark
Hedehusene,
Denmark
Hedehusene,
Denmark
Hedehusene,
Denmark
Hedehusene,
Denmark
Outstanding share options
Outstanding at 1 January 2021
100
Granted
50
Transferred **
Exercised
100
Options waived/expired
Outstanding at 31 December 2021
25
Outstanding at 1 January 2022
5
Granted
Exercised
0.5
Panalpina
Options waived/expired
Welttransport
Basel,
Outstanding at 31 December 2022
Executive
Board
Key
employees
exercise price
Total
per option
760,000
156,750
36,000
(190,000)
762,750
926,129 1,686,129
263,850
(36,000)
(222,056) (412,056)
(11,775) (11,775)
920,148 1,682,898
501.3
420,600
1,325.0
401.7
703.3
972.4
762,750
198,250
(12,000)
949,000
920,148 1,682,898
274,075 472,325
(164,573) (176,573)
(30,800) (30,800)
998,850 1,947,850
972.4
1,485.0
514.1
1,112.0
926.7
(Holding) AG
100%
100%
Agility Logistics
Switzerland
Rozenburg,
18
** A member of the Executive Board has previously received share options in the Director's former capacity as DSV key employee.
International B.V.
100%
100%
DSV Finance B.V.
100%
100%
Netherlands
Venlo,
Netherlands
2,632
0
GIL International
Holdings | Ltd.
100%
100%
Abu Dhabi,
UAE
3,108View entire presentation