Press release: Transfer of warrants in Nexam Chemical´s incentive program has been completed.
07/01/2015
Management and key personnel within the Nexam Chemical Group has signed for a total of 646,000 warrants in the incentive program 2015/2018 resolved at the Annual General Meeting in May 2015.
At the Annual General Meeting of Nexam Chemical Holding AB (publ) (“Nexam Chemical”) on 12th May 2015, it was resolved to implement an incentive program in which a maximum of 646,000 warrants could be transferred to senior executives and key personnel within the Nexam Chemical Group. A total of 646,000 warrants has now been transferred whereof 120 000 warrants have been transferred to CEO Anders Spetz.
In accordance with the resolution of the Annual General Meeting, the subscription price upon exercise of the warrants has been set to 13.00 SEK per share. This corresponds to 150 percent of the volume weighted average last closing price for the Company’s share, on Nasdaq OMX First North, during the period 13th May – 26th May 2015. The price for the warrant has been calculated at market value according to the “Black Scholes” formula and amounts to 0.76 SEK per warrant. In case all 2,674,625 warrants outstanding in the group are exercised, the aggregate dilution will amount to approx. 4.9 percent. For full terms and conditions of the incentive program, please see the resolution (in Swedish) from the Annual General Meeting.
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.
For further information please contact:
Lennart Holm, Chairman of the Board, +46-706 30 85 62, lennart.holm@nexamchemical.com