At the Annual General Meeting May 16, 2019 it was resolved to implement a warrant program for all employees within the Nexam Chemical Group based on issue and transfer oc warrants (the “Warrants Program 2019 / 2022”).
The Company has the right to issue a maximum of 1,040,000 warrants. The subscription price per share shall correspond to 150 per cent of the volume weighted average price according to Nasdaq First North Premier´s official price list for shares in the Company during the period as from and including 17 May 2019 to and including 31 May 2019. The calculation of the fair market value of the warrants shall be established according the “Black Schole”-formula by an independent valuation institute in connection with the expiration of the measurement period on 31 May 2019.
Each warrant shall entitle to subscription of one share in the Company. Subscription of shares by virtue of the warrants may be effected as from 26 August 2022 up to and including 9 September 2022.
For more information, see the adopted resolution.
For previous incentive programs see respective resolution at the Annual General Meetings.
Warrants in the wholly owned subsidiary
Originally there was three incentive programs (2009/2016, 2010/2017, 2012/2018) with totally 7,280 warrants in the subsidiary Nexam Chemical AB. Each warrant entitles the holder to subscribe for one share in the subsidiary. In accordance with the resolution at the Extraordinary General Meeting on October 28, 2016, the parent company Nexam Chemical Holding AB has acquired all warrants from the warrant holders. The subscription period for these warrants have passed. For more information about the options, refer to resolutions of the Extraordinary General Meeting on 28 October 2016. For more information see the resolution from the Extraordinary General Meeting on October 28, 2016.