Heliospectra’s Incentive Program Transfer Stock Warrants to Senior Executives and Key Personnel

Heliospectra AB (publ) ("theCompany") has through the wholly owned subsidiaryHeliospectra Personal AB ("the Subsidiary") has executed the transfer of 930,000 stock warrants of series P03 from the Company to senior executives and keypersonnel within the group. The stock warrants were originally issued to theSubsidiary at the Company’s General Meeting held on May 14, 2020. 

In accordance with the terms of the stock warrants, the Company hasestablished the market value of the warrants per transfer day in accordancewith the Black & Scholes option valuation model and the principles of theissue decision. The market value has been set at SEK 0.20 per option. The subscriptionprice for the warrants has been set at SEK 3.19 per share and has been calculated in accordance with theprinciples of the issue resolution.

”This year we have taken significant strategic steps towards ourlong-term objectives by speeding up our technology development and productintroduction to the market. A stronger digital presence combined with our newMITRA platform has positioned us well in the market, and the share issuanceallows us to focus even more on key markets and the next-generation technologydevelopment this coming year. We now look forward to harvesting the rewardsfrom our innovations over the past 14 years, achievements that would not bepossible without our dedicated employees. We want to make sure our employeesget the chance to take part in the future value development and this incentivesprogram provides that,” said Ali Ahmadian, CEO Heliospectra.  

The subsidiary still holds the remaining 70,000 stock warrants of series P03 which infuture may be offered to senior executives and key personnel.

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