Incentive programmes

2025

The annual general meeting on 7 May 2025 resolved on the adoption of a warrant programme and an employee stock option plan. The complete proposals for adoption of the incentive programs are available under General Meetings.

Warrant programme

The annual general meeting resolved to implement a warrant program directed to not more than 57 senior executives and key employees in the group employed in Sweden. The participants in the warrant program are offered to subscribe for warrants against cash payment of an amount corresponding to the market value of the warrant at the time of subscription. Each warrant entitles the holder to subscribe for one new B-share in the company during a subscription period from and including 1 June 2028 (but no earlier than the day following the publication of the company's interim report for the period 1 January–31 March 2028) up to and including the day that falls 30 calendar days thereafter, at a subscription price corresponding to 150 percent of the volume-weighted average price paid for Storskogen's B-share on Nasdaq Stockholm during the period from and including 8 May 2025 up to and including 21 May 2025. The maximum number of warrants to be allotted is 5,978,945. In the event that all warrants are fully exercised, there will be a dilution effect for Storskogen’s current shareholders of approximately 0.35 percent of the outstanding number of shares and approximately 0.20 percent of the total number of votes in the company.

The purpose of the warrant program is to encourage a broad ownership amongst the group’s senior executives and certain key employees, retain competent employees, increase the alignment of interest between the employees and the company’s shareholders, encourage the company’s long-term growth and increase motivation to reach or exceed the company’s financial targets.

Employee stock option plan

The annual general meeting resolved to implement an employee stock option plan directed to not more than 23 senior executives and other key employees in the group employed outside of Sweden. The participants of the employee stock option plan will be offered the possibility to receive a certain number of employee stock options free of charge. The employee stock options give the participant the right to after three years acquire one B-share in Storskogen per employee stock option at a price equivalent to 150 percent of the volume weighted average price for the Storskogen B-share on Nasdaq Stockholm the period from and including 8 May 2025 up to and including 21 May 2025. The maximum number of employee stock options that can be granted is 2,536,741.

For the purpose of ensuring delivery of shares under the employee stock option plan the annual general meeting further resolved to issue not more than 2,536,741 warrants to the company itself, free of charge, and to approve transfer of warrants to participants of the employee stock option plan (or to an appointed third party) in connection with delivery of B-shares to participants in the program.

If all options are exercised, there will consequently be a dilution effect for Storskogen’s current shareholders of approximately 0.15 percent of the outstanding number of shares and 0.09 percent of the total number of votes in the company.

The purpose of establishing the employee stock option plan is to ensure that the company has the appropriate tools to attract and retain the right talent to the group, to increase the motivation amongst the participants and increase their loyalty with the company. The purpose is also to align their interests with that of the company’s shareholders as well as to promote individual shareholding in the company and thereby promote shareholder value and long-term value growth of the company.

2023

The annual general meeting on 12 May 2023 resolved on the adoption of a share savings programme, a warrant programme and an employee stock option plan. The complete proposals for adoption of the incentive programs are available under General Meetings.

Share savings programme

The annual general meeting resolved to implement a share savings programme directed to not more than 119 group management and key employees in the group. The participants in the share savings programme are offered to acquire, or allocate already held, shares in Storskogen as so-called savings shares. The savings shares may not consist of savings shares already allocated under the share savings programmes adopted in 2021 and 2022. Conditioned that the participants owning their savings shares during a period of three years, and meets certain performance criteria as stated in the terms and conditions of the share savings programme, the participants will be able to receive between two and six so‑called performance shares per savings share. The performance shares are B-shares and are received free of charge. In total, not more than 5,804,232 performance shares may be allotted to the participants of the share savings programme.

For the purpose of ensuring delivery of shares under the share savings programme the annual general meeting further resolved to issue not more than 5,804,232 warrants to the company itself. In the event of full allotment, there will be a dilution effect for Storskogen’s current shareholders of approximately 0.35 percent of the outstanding number of shares and 0.19 percent of the total number of votes in the company.

The purpose of the share savings programme is to encourage a broad ownership amongst the group’s employees, maintain competent employees, facilitate recruitment, increase the alignment of interest between the employees and the company’s shareholders, encourage the company’s long-term growth and increase motivation to reach or exceed the company’s financial targets.

Warrant programme

The annual general meeting resolved to implement a warrant programme directed to not more than 83 senior executives and key employees in the group. The participants in the warrant programme are offered to subscribe for warrants against cash payment of an amount corresponding to the market value of the warrant at the time of subscription. Each warrant entitles the holder to subscribe for one new Class B share in the company during a subscription period from 1 June 2026 (but no earlier than the day after the publication of the company's interim report for the period 1 January-31 March 2026) up to and including the day that falls 30 calendar days thereafter, at a subscription price corresponding to 150 per cent of the volume-weighted average price paid for Storskogen's Class B share on Nasdaq Stockholm during the period from 15 May 2023 up to and including 30 May 2023. The maximum number of warrants to be allotted is 6,003,566. In the event that all warrants are fully exercised, there will be a dilution effect for Storskogen’s current shareholders of approximately 0.36 percent of the outstanding number of shares and 0.20 percent of the total number of votes in the company.

The purpose of the warrant program is to encourage a broad ownership amongst certain of the group’s senior executives and key employees, retain competent employees, increase the alignment of interest between the employees and the company’s shareholders, encourage the company’s long-term growth and increase motivation to reach or exceed the company’s financial targets.

Employee stock option plan

The annual general meeting resolved to implement an employee stock option plan directed to not more than 36 senior full-time key employees in the group. The participants of the employee stock option plan will be offered the possibility to receive a certain number of employee stock options free of charge. The employee stock options give the participant the right to after three years acquire one B-share in Storskogen per employee stock option at a price equivalent to 150 percent of the volume weighted average price for the Storskogen B-share on Nasdaq Stockholm during the trading days falling within a period of ten banking days immediately prior to the date of grant. The maximum number of employee stock options that can be granted is 2,772,015.

For the purpose of ensuring delivery of shares under the employee stock option plan the annual general meeting further resolved to issue not more than 2,772,015 warrants to the company itself. If all options are exercised, there will consequently be a dilution effect for Storskogen’s current shareholders of approximately 0.17 percent of the outstanding number of shares and 0.09 percent of the total number of votes in the company.

The purpose of establishing the employee stock option plan is to ensure that the company has the appropriate tools to attract and retain the right talent to the group, to increase the motivation amongst the participants, increase their loyalty to the company and align their interests with that of the company’s shareholders as well as to promote an individual shareholding in the company and thereby promote shareholder value and the long-term value growth of the company.