2024-05-14

NOTE’s incentive program fully subscribed

NOTE’s Annual General Meeting (AGM) 2024 resolved to introduce an incentive program for senior executives and other key personnel, based on a directed issue of a maximum of 400,000 warrants. The program was fully subscribed as planned, and allocation will be in accordance with the principles approved by the AGM.

The warrants have a term of just over three years, until May 2027. The warrants will be transferred on market terms. The exercise price is SEK 174,60. Each warrant confers the holder with entitlement to subscribe for one NOTE share.

Upon full exercise of warrants, up to 400,000 shares, equivalent to approximately one percent of the total number of outstanding shares and votes, would be issued.

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