The annual general meeting has deemed it being in all shareholders interest that employees in the Vertiseit group have a long-term interest in an increased value of the company’s shares. Therefore, the annual general meeting decided to introduce incentive programs for employees through direct issue of warrants.
The incentive programs entitle the holder of a warrant to subscribe for one new B share in Vertiseit per warrant held on the redemption date at the predetermined exercise price. The warrants were obtained through market value consideration, calculated according to Black & Scholes.
ACTIVE WARRANTS PROGRAMS ARE distributed as follows
Warrants Program TO 4
Redemption: May 2025
Exercise price: 50,00 SEK per B share
Dilution upon full subscription (at the time of issuance): 6,0%
Dilution upon actual subscription (at the time of issuance): 2,2 %
| Category | No. of warrants |
|---|---|
| Key individuals in managing positions | 16 000 |
| Other employees | 8 000 |
| Total number of warrants upon full subscription | 1 175 000 |
| Actual number of warrants subscribed for | 441 350 |
Warrants Program TO 5 A
Redemption: May 2026
Exercise price: 50,00 kr per B share
Dilution upon full subscription (at the time of issuance): 3,7 %
Dilution upon actual subscription (at the time of issuance): 1,3 %
| Category | No. of warrants |
|---|---|
| Key individuals in managing positions | 16 000 |
| Other employees | 8 000 |
| Total number of warrants upon full subscription | 764 000 |
| Actual number of warrants subscribed for | 264 000 |
Warrants Program TO 6
Redemption: May 2027
Exercise price: 53,00 kr per B share
Dilution upon full subscription (at the time of issuance): 3,0 %
Dilution upon actual subscription (at the time of issuance): 1,2%
| Category | No. of warrants |
|---|---|
| Key individuals in managing positions | 16 000 |
| Other employees | 8 000 |
| Total number of warrants upon full subscription | 640 000 |
| Actual number of warrants subscribed for | 250 950 |
Warrants Program TO 6.1
Redemption: October 2027
Exercise price: 65,00 kr per B share
Dilution upon actual subscription (at the time of issuance): 3,4%
| Category | No. of warrants |
|---|---|
| Sellers of Visual Art | 1 000 000 |
| Actual number of warrants subscribed for | 1 000 000 |