Hydrogen Central

Impact Coatings AB (publ) Announces Outcome of Subscription in Warrant-Based Incentive Programs for Key Persons

impact coatings programs

Impact Coatings AB (publ) Announces Outcome of Subscription in Warrant-Based Incentive Programs for Key Persons

The Extraordinary General Meeting on October 18, 2024 in Impact Coatings AB (publ) (“the Company”) resolved to implement two warrant-based incentive programs, one for key persons (2024/2027:1) and one for a board member (2024/2027:2), in total a maximum of 750,000 warrants.

Each warrant entitles the holder to subscribe for one new share in the Company at a subscription price corresponding to 150 per cent of the volume-weighted average price paid for the Company’s share on Nasdaq First North Growth Market during the period from October 21, 2024 up to and including November 1, 2024. The subscription price has thereby been set at SEK 6.52 per share. The warrants may be exercised for subscription of shares during the period from November 1, 2027 up to and including December 10, 2027.

Prior to subscription, the final warrant premium has been determined based on the Black-Scholes warrant valuation model at SEK 0.63 per warrant for both programs. The calculation has been carried out by the independent valuation institute People & Corporate Performance AB. In total, 703,898 warrants have been subscribed in the two programs, meaning that the programs have been subscribed to 93.9 percent.

Terms and conditions for the warrant-based incentive programs can be found in the documentation for the Extraordinary General Meeting on the Company’s website, www.impactcoatings.com.

READ the latest news shaping the hydrogen market at Hydrogen Central

Impact Coatings AB (publ) Announces Outcome of Subscription in Warrant-Based Incentive Programs for Key Persons, source

Get our LinkedIn updates!

Join our weekly newsletter!

Follow us

Don't be shy, get in touch. We love meeting interesting people and making new friends.