NEXAM CHEMICAL share 18/08 17:29
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IR-CONTACT

Anders Spetz, CEO

Tel: +46 (0)703-47 97 00

Incentive program

Nexam Chemical has two ongoing incentive programs with a total of 1,346,000 outstanding warrants, which all entitles the holders to subscribe for one share. All ongoing incentive programs are specified in the table below.

All warrants have been issued at market value, calculated according to the "Black Scholes"-formula. If all currently outstanding warrants are exercised, the total dilution will be approximately 2.0 %.

The reasons for the implementation of the incentive programs with deviation from the shareholders’ preferential rights are to be able to create possibilities for Nexam Chemical to retain competent key persons through the offering of a long term ownership engagement for the key persons. Such ownership engagement is expected to stimulate the key persons to an increased interest in the business and profit development and increase the feeling of connectedness with Nexam Chemical.

Incentive programs in Nexam Chemical Holding AB

For more information and the full terms and conditions of incentive programs 2014/2017 and 2015/2018, please see the resolutions from the Annual General Meetings in 2014 and 2015.

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. It is the Boards intention to use the warrants and subscribe for the shares in the subsidiary when the redemption period runs for each respective warrant. For more information see the resolution from the Extraordinary General Meeting on October 28, 2016.

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