Information regarding postponed implementation of incentive program 2014/2017
At the Annual General Meeting of Nexam Chemical Holding AB (publ) (“Nexam Chemical”) on 14 May 2014, it was resolved to implement an incentive program in which a maximum of 1,083,849 warrants may be issued to a subsidiary within the Nexam Chemical Group for further transfer at market terms to senior executives and key persons within the Nexam Chemical Group. In accordance with the resolution of the Annual General Meeting, the subscription price upon exercise of the warrants has been set to 35.20 SEK per share (corresponding to 150 per cent of the volume weighted average last closing price for the Company’s share on Nasdaq OMX First North during the period 1 September – 12 September 2014). Due to an ongoing process of recruitment of senior executives in accordance with what previously has been announced, the Board of Nexam Chemical has, in accordance with the terms of the resolution of the Annual General Meeting, decided to postpone the implementation of the incentive program, meaning that the notification from the participants in the program must be submitted no later than December 31, 2014 instead of September 30, 2014. The outcome of the offer is expected to be announced in the beginning of 2015.
Note: This press release has been translated from Swedish. The Swedish text shall govern for all purposes and prevail in case of any discrepancy with the English version.