Precise Biometrics AB currently have two outstanding warrant programs.
“Warrant program 2014/2017” approved by the Annual General Meeting (AGM) 2014. The AGM of Precise Biometrics AB 2014 decided to launch an incentive program to management employees and employees in the company. The program has duration of three years and runs until December 31, 2017. The program includes a total of 8,000,000 warrants. The warrant price was set at SEK 0.10 and the strike price at SEK 2.50. Each warrant entitles the holder to acquire 1 share in the company. If all warrants are used in the 2014/2017 warrant program, there is a dilution of 2,3 % of the shares and votes in the Company.
“Warrant program 2017/2020” approved by the Annual General Meeting (AGM) 2017. The AGM of Precise Biometrics AB 2017 decided to issue a maximum of 5.0 million warrants to the company’s employees. The company’s management team has taken out the maximum number of 2.5 million allocated warrants, and other staff have subscribed 730,000 warrants. In all, 3,230,000 warrants have been subscribed at SEK 0.06 each. The warrants entitle holders to subscribe to new shares in the company at a price of SEK 5.40 per share from June 1, 2020 through June 30, 2020. If all warrants are used in the 2017/2020 warrant program, there is a dilution of 1.4 % of the shares and votes in the Company.