At the Extraordinary General Meeting in
Adoption of a warrant-based incentive program for key persons
The general meeting resolved to adopt a warrant-based incentive program for key persons in the Company by way of (A) a resolution on an issue of no more than 554,391 warrants of series 2021/2024 to the Company, and (B) a resolution on approval of transfer of warrants of series 2021/2024 from the Company to key persons in the Company. The warrants are issued free of charge to the Company and shall be transferred to the key persons on market terms at a price established in accordance with a calculated market value for the warrants by application of Black & Scholes valuation model. The Company will subsidize part of the participants’ option premiums through a cash bonus. The cash bonus after tax and social security contributions, calculated on the basis of a tax rate of 55 percent, shall correspond to 50 percent of the option premium. The bonus will be paid in connection with the allotment of the warrants to the participants.
Each warrant entitles to subscription of one share in the Company during the period commencing on
The complete terms and conditions for the warrants are available on the Company’s website, renewcell.com. As set forth in the terms and conditions for the warrants, the subscription price and the number of shares that each warrant entitles to subscription of may be recalculated in certain cases.
Resolution on approval of conclusion of loan agreement with the
The general meeting resolved to approve the entering into of the financing agreements with the
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