Nepa’s largest shareholder issues call options to the members of the board
September 25, 2023
Nepa has been informed that Ulrich Boyer, member of the board and largest shareholder in Nepa AB (publ), issues in total 63,000 call options to the other members of the board. Ulrich is personally funding the call option program, and it imposes no expenses on the company, nor does it result in any dilution for Nepa’s shareholders.
The purpose of the call option program is to retain competent board members aligned with shareholders’ interests. According to the agreement, Ulrich Boyer will issue a maximum of 15,750 call options to each board member, at a price corresponding to the call option’s market value. The call options are vested with one-third per year until the day before the Annual General Meeting 2026, provided that the member of the board of directors is still a member of the board of directors in the company at each such day. Each vested call option entitles the board member the rights to, during a period of one month from and including the day before the Annual General Meeting 2026, acquire a share from Ulrich Boyer for a purchase price of SEK 30 per share.