At the annual general meeting of Mips AB (publ) (“Mips”) held on 10 May 2023, it was resolved to adopt a long-term incentive plan for senior executives and certain key individuals in Mips by an issue of warrants with subsequent transfer to the participants in the incentive plan at market value. The subscription period for the relevant warrants runs between 15 June 2026 and 15 December 2026.
Mips’ CEO Max Strandwitz intends to exercise warrants to subscribe for shares in Mips before the expiry of the subscription period. As part of financing the exercise of the warrants, including tax effects, Max Strandwitz has today sold 46,025 existing shares in Mips.