The extra general meeting of
ELECTION OF THE BOARD OF DIRECTORS
The extra general meeting resolved that the board of directors shall consist of eight directors without deputy directors.
It was resolved that the proposed director shall be entitled to a fee of
More information regarding the directors can be found on the Company's website and in the annual report for 2020/2021.
INCENTIVE PROGRAM TO NEWLY ELECTED DIRECTOR
The extra general meeting resolved, in accordance with a shareholder's proposal, to establish an incentive program through issuance of a maximum of 25,000 warrants, following which the Company's share capital may increase by no more than
The Subsidiary has the right to subscribe for warrants without consideration and the director have the right to subscribe for warrants at a price equal to the warrant's market value, which shall be calculated according to the Black & Scholes valuation model.
Each warrant entitles to subscription of one (1) new B share in the Company during the period from
The subscription price shall be determined to an amount equal to 150 percent of the volume weighted average price at Nasdaq First North Premier Growth Market during the period from
In case all warrants issued under incentive program are exercised for subscription of new shares, the number of shares and votes in the Company will increase with 25,000 (with reservation for any re-calculation in accordance with the warrant terms and conditions), which corresponds to a dilution of approximately 0.08 percent of the Company's share capital and votes.
The complete terms and conditions for the warrants of incentive program and more information regarding the incentive program is available at the Company's website.
Information regarding all the Company's previous incentive programs can be found in the annual report 2020/2021 and on the Company's website.
© Modular Finance, source