CEO, CFO and CTO subscribe to employee stock options, and the Chairman of the Board subscribe to options and qualified employee stock options
Following the decision at the general meeting on Oct 8, 2025, Freemelt has established a long-term incentive scheme by issuing 9,945,529 employee stock options (“Incitamentsprogram E 2025/2028”). CEO, CFO and CTO subscribe to 9,945,529 employee stock options. The employee stock options have been issued without consideration.
Furthermore, following the decision at the general meeting on Oct 8, 2025, Freemelt has established a long-term incentive program by issuing 866,000 so-called qualified employee stock options (“Incitamentsprogram C 2025/2028”) and issuing 77,778 options (“Incitamentsprogram D 2025/2028”). The Chairman of the Board subscribes to all issued qualified employee stock options and all options. The qualified employee stock options have been issued without consideration, whereas the options have been acquired at a fair market price.
The conversion to shares will happen through a so-called “net exercise”, which means the actual dilution as a consequence of the incentive programs will be lower than what is indicated by its nominal size. Exact dilution will depend on the share price at the conversion date when the programs mature in year 2028. Without “net exercise”, the maximum number of new shares would be 10,889,307 at full subscription, corresponding to a dilution of approximately 5.5% based on the number of shares after full subscription.
No options remain in the incentive schemes after subscription as set out above.
Stiftelsen Industrifonden, supported by the company’s larger shareholders Coeli, Bengt Julander and Carlbergssjön, considers together with the Board of Directors that the incentive programs are advantageous for the group and the company’s shareholders.