5January2023
Renewal of warrant program to key persons
The board of directors decided to utilize ist autorization to issue warrants to key persons with the purpose of retain and motivate to perform beyond expectations.
The board of directors has passed a resolution to partially exercise its right to issue warrants under Article 5.3 in the Articles of Association in the Company. The original programme from 2015 has expired and none of the warrants issued was exercised during the programme.
Agenda, recipients, exercise price and exercise period
In total, 540.000 warrants have been issued over the coming 3 year timeperiod starting
The persons are:
CEO | |
COO | |
CBO | Jesper Elsgaard |
CTO | |
Founder | Theis Reenberg |
Scientist | Simon L. Østergaard |
Each warrant entitles its holder to subscribe for one share in
The employees can exercise the issued warrants three years from grant and at the latest six years from grant, i.e. primo 2023 and ultimo 2028 (exercise period) after which unexercised warrants no longer apply.
The exercise is contingent on the continued employment in the Company and the warrants are therefore to be revoked without compensation in the event of resignation or misconduct. In the event of the employee being resigned by the Company, without this being due to employee misconduct, the employee retains the right to exercise its warrants in the exercise period.
Marketvalue
The exercise price has by the Company board of directors been set to SEK 9 for each share in
The theoretical market value after correction for dilution of the issued warrants is estimated at SEK 964.925 at the time of issue, according to the Company's closing share price on Nasdaq First North Stockholm
Registration
The board of directors will register the changes to the Company's articles of association to the
The Board of Directors
For More Information, Please Contact:
Tel: +45 2210 2523
e-mail: michael@photocat.net
The information was submitted for publication, through the Agency of the contact person set out below at 16.00 on
About
Attachment
- 2023.01.05_Warrants
![](https://ml-eu.globenewswire.com/media/NTU2ZmFkMzEtZWQzZS00Y2RjLTgxZmQtMzQwYjVkN2ZlODVlLTEwMzE3MzI=/tiny/Photocat-A-S.png)
© OMX, source