2020/2023 programme
The Extra General Meeting on 16 January 2020 resolved to issue a maximum of 4,000,000 warrants. Each warrant entitles the holder to subscribe for one new share in the company for SEK 373.90 per share during the period from the day after the publication of the year-end report 2022 up to and including the date that falls 30 calendar days thereafter.
The company’s subsidiary, Evolution Malta Ltd. will subscribe for 4,000,000 warrants, and Evolution Malta Ltd will, in turn, transfer a maximum of 4,000,000 warrants to the managing director of the company, members of the group management, persons who report directly to the group management and other key specialists. For warrants acquired at market value, the price (option premium) has been determined using the Black & Scholes valuation model, with the valuation being carried out by Svalner Skatt & Transaktion.
If all 4,000,000 warrants 2020/2023 are exercised for subscription of 4,000,000 shares, the dilution effect will be approximately 2.20 percent.
2021/2024 programme
The Extra General Meeting on 28January 2021 resolved to issue a maximum of 5,000,000 warrants. Each warrant entitles the holder to subscribe for one new share in the company for SEK 1 113.80 per share during the period from and including 20 March 2024 (however not earlier than the day after the publication of the company’s interim report for the period January–December 2023) up to and including the date that falls 30 calendar days thereafter.
For warrants acquired at market value, the price (premium) has been determined based on Black & Scholes valuation model and the valuation has been done by Svalner Skatt & Transaktion KB. The program has been handled differently in different countries, due to local deviations in, among other things, legislation and applicable accounting rules.
If all 5,000,000 warrants 2021/2024 are exercised for subscription of 5,000,000 shares, the dilution effect will be approximately 2.35 per cent (based on the total number of shares at the time of subscription).
