Warrants to management and key employees

The Annual General Meeting 2021 decided on the issue of up to 22 500 000 warrants. The right to subscribe for the warrants shall, with deviation from shareholders’ preferential rights, be given to employees and other key persons. Each warrant will entitle the holder to subscribe for one (1) share in the company at an issue price of SEK 4 per share between the period of April 1, 2022 to June 30, 2022. Upon full exercise of the warrants, up to 22 500 000 shares (subject to any recalculation), equivalent to about six percent of the total number of outstanding shares and voting rights, will be issued. If fully subscribed, the company’s share capital will increase by SEK 2 250 000.

Warrants to the Board

The Annual General Meeting 2021 decided on the issue of up to 7 500 000 warrants. The right to subscribe for the warrants shall, with deviation from shareholders’ preferential rights, be given to Chairman of the Board and the Board members, whereas the Chairman of the Board are entitled to 3 750 000 shares and the Board members are entitled to 1 750 000 each. The program shall include a maximum of 3 people. Each warrant will entitle the holder to subscribe for one (1) share in the company at an issue price of SEK 4 per share between the period of of April 1, 2022 to June 30, 2022. Upon full exercise of the warrants, up to 7 500 000 shares (subject to any recalculation), equivalent to about ten percent of the total number of outstanding shares and voting rights, will be issued. If fully subscribed, the company’s share capital will increase by SEK 750 000.