Stock option programme 2021
In the rights issue carried out in autumn 2021, Savosolar gave, without consideration, each subscriber of the offer shares one newly issued series 1-2021 (TO8) warrant, one newly issued series 1-2021 (TO9) warrant, and one newly issued series 3-2021 (TO10) warrant for each two shares subscribed for in the offering. The share subscription period for 1-2021 ended on 1 April 2022.
The share subscription period for 2-2021 (TO9) warrants is 12–23 September 2022, and for 3-2021 (TO10) warrants 20–31 March 2023.
The subscription price for the shares that can be subscribed for based on the warrants is determined based on the volume weighted average price of the company’s share on First North Growth Market Finland less 25 per cent during the determination period. The determination period for 1-2021 (TO8) warrants is 7– 17 March 2022, for 2-2021 (TO9) warrants 29 August – 8 September 2022, and for 3-2021 (TO10) warrants 6–16 March 2023. However, the subscription price may not exceed EUR 0.11 per share for 2-2021 (TO9) warrants, and EUR 0.13 for 3-2021 warrants. The Swedish krona-denominated subscription price will be determined using the Swedish Riksbank’s EURSEK rate one business day prior to the start date of the subscription period.
Each of the aforementioned stock option programmes comprised 38,719,767 warrants. Each warrant entitles its holder to subscribe for one new share.