At the Annual General Meeting on April 26, 2022, it was decided on two new incentive programs in SaveLend Group AB (publ) (“the Company” or “SaveLend Group”), 2022/2025: I for senior executives and key employees and 2022/2025: II for board members. Both programs have been subscribed to 100 percent.
The incentive programs aim to promote a long-term interest from management and other key employees in a good value development of the share in the Company, which is in the interest of all shareholders. For incentive program 2022/2025:I, 1,276,721 warrants have been subscribed for, which was the maximum amount. For incentive program 2022/2025:II, 319,180 warrants have been subscribed, which was the maximum amount.
“The whole point of an incentive program is to ensure a long-term commitment from management and key people. The fact that both programs are fully subscribed proves that we have people on board who believe in what we do and intend to be part of the journey. I can not say that surprises me, but it is gratifying," says Ludwig Pettersson, CEO of SaveLend Group.
According to the terms, each warrant entitles to subscription of one (1) share in the Company, at a subscription price corresponding to 150 percent of the volume-weighted average price paid for the Company's share on Nasdaq First North Growth Market during the period April 27, 2022, through May 10, 2022. Subscription of shares with the support of the warrants shall take place from May 1, 2025, through June 30, 2025.
More information about the incentive programs can be found at https://savelendgroup.se/bolagsstammor/.