Company Announcement Number 04-2024
The Board of Directors of Mdundo.com A/S‘ (the “Company”) has decided to exercise part of its authoritization to issue and grant warrants, and has thus issued a total of 105,000 warrants to key employees of the Company and the Company‘s subsidiary (the “Employees”). Each warrant can be exercised to subsribe for one share of nominally
The Board of Directors is authoritized to issue a total of 1,019,666 warrants. By the decision of issuing 105,000 warrants the Board of Directors has issued a total of 995,000 warrants each entitle the holder to subscribe for one share of nominally
The purpose of the issuing of warrants is to retain and motivate key employees of the Company, to honor already performed tasks and work as well as to provide incentive for them to make a special effort for the value creation of the Company.
Each warrant gives the right to subscribe for one newly issued share in the Company of nominally
The warrants will ordinarily vest within a period of 2 years, subject to the Employees still being employed or engaged in the Company. Warrants that are vested can be exercised in a period of three (3) weeks after the publication of the Company’s annual report for the income year 2024/2025 (“Exercise Period”). The warrants can only be exercised once within the Exercise Period. Warrants can be exercised partially, after which all unexercised warrants will lapse immediately without further notice or compensation. Warrants that are not exercised within the Exercise Period shall immediately lapse without further notice or compensation upon the expiry of the Exercise Period.
The theoretical market value of a warrant granted is
- Share price:
DKK 7.1 -
Exercise price:
DKK 10 - Risk free interest rate of 0.1%
- Volatility of 25%
- Time to expiration: 1.7 years
Contacts
- Jesper Vesten Drescher, Bestyrelsesformand/Chairman of the board, +4523229900, ir@mdundo.com
About Mdundo.com A/S
Mdundo is a leading music service for
Mdundo.com A/S
Jagtvænget 2
2920 Charlottenlund
www.mdundo.com
Certified Adviser
Ewaldsgade 9
2200 København N
+45 89 88 78 46
www.kaptalpartner.dk
Attachments
- Download announcement as PDF.pdf
© Ritzau Denmark, source