NOTE's incentive programme fully subscribed

NOTE's AGM 2024 resolved to introduce an incentive programme for senior executives and other key personnel in the company and group based on a directed issue of a maximum of 400,000 warrants. The programme has been fully subscribed as planned and allocation will be made according to the principles resolved by the AGM.

The warrants have a term of just over three years, until May 2027. The warrants are transferred on market terms. The exercise price is SEK 174.60. Each warrant entitles the holder to subscribe for one NOTE share.

Upon full exercise of the warrants, up to 400,000 shares, corresponding to approximately one per cent of the total number of outstanding shares and votes, may be issued.

About NOTE
NOTE manufactures printed circuit boards (PCBA), sub-assemblies and complete products (box build). NOTE is a competitive electronics manufacturer and a stable business partner to customers with high standards. Its products are found in complex systems for electronic control, monitoring and security, for example.

The business model is based on offering advanced manufacturing, customised logistics solutions and advice at the best possible total cost through long-term customer relationships and partnerships. The customer offering covers the entire product life cycle, from design to aftermarket. Customers are primarily large companies operating on the global market, but also companies with their primary sales in northern Europe.

NOTE is established in Sweden, Finland, the UK, Estonia, Bulgaria and China. Sales in the last 12 months totalled SEK 3,849 million and the group has some 1,450 employees. NOTE is listed on Nasdaq Stockholm. For more information, please visit www.note-ems.com.