Warrants

Warrants
TO6

In the fall of 2018, units consisting of one share and one warrants were issued and a total of 14,755,993 warrants. Two warrants entitle the holder to subscribe for a new share for SEK 13.00 during the period 1 January 2020 to 31 October 2021. If all warrants are exercised, SaltX Technology will receive approximately SEK 96 million. The 7,377,996 shares thus issued constitute approximately 9.2 percent of the share capital. These warrants are listed on the Nasdaq First North Premier Growth Market.

Conditions

T04

The Annual General Meeting in April 2017 decided to authorize the Board to issue 750,000 warrants offered to management and other staff, primarily new employees, in the Group. This program was launched in September 2017. An option corresponds to one (1,009) share, subscription can be made in June 2020 and the strike price was set at the date of issue as 150 percent of the current price, which was SEK 48.36 (after a minor adjustment for the 2018 issue). . Employees have acquired 725,000 options, of which the company repurchased 260,000 options, all at market value, net of 485,000 outstanding options. When fully utilized, the company would be given SEK 23.5 million. These shares correspond to 0.7 percent potential dilution.

Incentive
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.