Incentive programs

Share-based incentive program 2022/2025 A & B

The annual general meeting held on 25 May 2022 in Speqta AB (publ) (the “Company” or “Speqta”), resolved to implement incentive program 2022/2025 A, directed to certain elected board members and includes a maximum of 70,000 warrants, and incentive program 2022/2025 B directed to current and future members of the group management, other executives and key employees and includes a maximum of 210,000 warrants. Incentive program 2022/2025 A has been fully subscribed for. For incentive program 2022/2025 B all warrants have been subscribed for by the Company, which in turn has transferred a total of 202,500 warrants to the participants in the incentive program. Outstanding warrants remains the Company and part of these warrants may be transferred to future key employees.

Each warrant gave before the entitlement to subscription of one share in Speqta at an exercise price of SEK 15.55, equivalent to 130 per cent of the volume-weighted average price for the Company’s share on Nasdaq First North Growth Market during the period commencing on 20 June 2022 up to and including 1 July 2022. With the extraordinary dividend decided at the Annual General Meeting in 2023, the incentive programme was recalculated according to current terms and conditions. Each warrant now gives the right to subscribe for 1.35 shares at a strike price of SEK 11.53. Subscription of shares through exercise of warrants shall be made from the period commencing on 9 July 2025 up to and including 9 October 2025.