Incentive programs

Incentive programs 2019/2022 C and D 

The incentive program 2019/2022 C, decided by the Extraordinary General Meeting of Speqta AB (plc) (“the Company”) on August 13, 2019, which includes certain elected board members and a maximum of 240 000 warrants and the incentive program 2019/2022 D which includes current and future members of Group Management and key personnel and a maximum of 420 000 warrants, have been fully subscribed by the subsidiary Speqta Brands AB, which in turn has transferred all warrants to the Board members and current and future members of Group Management and key personnel, covered by the two incentive programs.

The warrants in incentive programs 2019/2022 C and incentive programs 2019/2022 D, respectively, will be transferred at a price per warrant of SEK 1:18, which corresponds to the market value according to a valuation performed by the independent valuation institute PwC, in accordance with the Black & Scholes model. Each warrant entitles the holder to subscribe for one share in the Company at a subscription price of SEK 11:47, corresponding to 150 percent of the volume-weighted average of the payment prices listed on Nasdaq First North from August 14, 2019 to August 27, 2019 for the share in the Company. Subscription of shares through the exercise of the warrants must be possible from September 5, 2022 until September 19, 2022.