Shareholders approved all the resolutions put forward at Head’s annual meeting last month. One of them calls for the adoption of the Dutch statutory annual accounts for last year and for increasing the authorized share capital to €4 million. Following Dutch law, the executive board may repurchase up to 50 percent of Head’s issued share capital for 18 months until Nov. 27, 2011. Shareholders also endorsed an executive stock option plan, approved by the supervisory board last September, under which Head’s chief executive and major shareholder, Johan Eliasch, was granted options on 7,047,179 shares at a unit price of €0.10 for ten years starting last Dec. 30.