Incentives program

 

April 2018

The Annual General Meeting decided to authorize the Board to issue 1,500,000 warrants to be offered to management, other staff and other key persons in the Group. The company has decided not to complete the issue of these warrants due to existing other options (TO2) which expired October 31, 2018, and the current issue, both requiring investment in new shares of holders / senior executives. Thus, these warrants will not result in any dilution.

 

April 2017

The Annual General Meeting decided to authorize the Board to issue 750,000 warrants to be offered to management and other staff, primarily new employees, in the Group. This program was launched in September 2017. One option equates to one (1) share, the subscription period is in June 2020, and the strike price will be set on the day of issue as 150 per cent of the current share price, which was SEK 48.8. Employees have acquired 625,000 warrants and the company has reacquired 150,000net 475,000, all transaction at market value. With full exercise of the warrants, the Company will receive MSEK 23.2. These shares correspond to a potential dilution of 0.8 per cent.

 

April 2016

The Annual General Meeting decided to issue 1,500,000 warrants to be offered to senior management and all employees in the Group, partly to replace existing programs. In May 2017, a rights issue was implemented which affected the terms of the share warrants. One warrant equates to 1.06 shares, the subscription period is in June 2019, and the strike price is SEK 4.72 per share. Employees have acquired 483,000 warrants, at market value. With full exercise of the warrants, the Company will receive MSEK 2.3. These shares correspond to a potential dilution of 0.9 per cent.