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.

Conditions

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.