Climeon has five outstanding warrant programs with a subscription period ending December 31, 2018: Program 2014/2018, issued 141217, Program 2016/2018, issued 160526, Program 2016/2018, issued 160616, Program 2016/2018, issued 161221 and Program 2016/2019, issued 170426.
The remaining warrants within these programs, corresponding to 681,100 series B-shares, have now been exercised for subscription. The issue prices of the warrant programs are in the range of SEK 4.50-26.50 per share. In conjunction with the exercise of warrants, Climeon will be allocated about SEK 15.3 million, excluding issue costs.
– I’m happy to see that many of our employees have participated in the warrant programs and thereby increased their shareholdings in Climeon and gained from the value growth the company has had during the programs’ duration, says Thomas Öström, CEO of Climeon.
By exercising their warrants three members of Climeon’s management and board, Christoffer Andersson, Olle Bergström and Christopher Engman, have acquired shares for SEK 10.5 million. To finance the exercise of warrants, they have sold parts of their shareholdings in Climeon.
Climeon has established several warrant programs, based on warrants that are taxed as capital income, for selected senior executives and other key employees and consultants who are considered to have a material impact on the company’s operations and development.
For more information about Climeon’s warrant programs, please see https://climeon.com/wp-content/uploads/2018/08/Warrant-programs.pdf.