Warrants

TO2

In the spring of 2016 in conjuction with the acquisition of ClimateWell and cash issue, a total number of 16,210,500 warrants wrer issued.  In May 2017 a rights issue was implemented which affected the terms. One (1) warrants entitles the holder to subscribe for 0.265 new shares for SEK 4.72 per share by 31 October 2018. If all warrants are exercised, SaltX Technology is allocated approximately SEK 20 million. The 4,295,782 shares thus issued constitute approximately 7.4 percent of the share capital. These warrants are listed on Nasdaq First North.

Terms and conditions for warrants 2016/2018 (Swedish)

Utilization of warrants TO2

In order to take advantage of your warrants TO 2 B, if you keep them in a custody, you should turn to your bank. If you have the warrants on a VP account, you can instead sign up by using the application form you can download on this page. Please note that you must make a payment of the subscription waiver at the same time as instructed on the application form.

Notifications of subscription of shares through exercise of warrants TO 2 B will be processed after the respective dates below. Upon subscription, you will receive Interim Shares (“IA”) which, after approximately two to three weeks after the following dates, will be converted into Series B shares.

Last reply day

– June 30, 2017
– September 29, 2017
– December 29, 2017
– March 28, 2018
– June 29, 2018
– 31 October 2018

Download the application form (Swedish)

Incentive

 

April 2018

The Annual General Meeting decided to authorize the Board to issue 1,500,000 warrants to be offered to management, other staff and other key persons in the Group. The company has decided not to complete the issue of these warrants due to existing other options (TO2) which expired October 31, 2018, and the current issue, both requiring investment in new shares of holders / senior executives. Thus, these warrants will not result in any dilution.

April 2017

The Annual General Meeting decided to authorize the Board to issue 750,000 warrants to be offered to management and other staff, primarily new employees, in the Group. This program was launched in September 2017. One option equates to one (1) share, the subscription period is in June 2020, and the strike price will be set on the day of issue as 150 per cent of the current share price, which was SEK 48.8. Employees have acquired 625,000 warrants and the company has reacquired 150,000net 475,000, all transaction at market value. With full exercise of the warrants, the Company will receive MSEK 23.2. These shares correspond to a potential dilution of 0.8 per cent.

April 2016

The Annual General Meeting decided to issue 1,500,000 warrants to be offered to senior management and all employees in the Group, partly to replace existing programs. In May 2017, a rights issue was implemented which affected the terms of the share warrants. One warrant equates to 1.06 shares, the subscription period is in June 2019, and the strike price is SEK 4.72 per share. Employees have acquired 483,000 warrants, at market value. With full exercise of the warrants, the Company will receive MSEK 2.3. These shares correspond to a potential dilution of 0.9 per cent.