Boule has two outstanding incentive programs.
Program 1 (Incentive program 2013)
The incentive program includes a total of 30,000 warrants which have been acquired by three senior executives of the Group (10,000 options each). The total dilution may be no more than 0.6 percent.
Each option entitles the holder to subscribe for one (1) Boule share at the strike price 54.46 SEK per share during the period 1 July, 2017 to 31 December, 2017.
For full terms see the minutes of the AGM 2013.
Program 2 (Employee Stock Option Program 2014)
The Employee stock option program comprises a total of 178,750 stock options, of which 43,750 have been issued for hedging, ie, 135 000 options were gratuitously distributed to employees in key positions in the Group. The total dilution may be no more than 2.9 percent.
Each option entitles the holder to purchase one (1) new Boule share at an exercise price of 68.18 SEK per share during the period 1 July, 2017 to 31 December, 2017.
The distributions of the options have been made as follows:
Category 1 – CEO: 32,000 stock options
Category 2 – Member of the Group Management: 11,000 options each
Category 3 – Other key people: 6,000 options each
Incentive options are not securities and may not be transferred, pledged or
otherwise disposed of by the option holder.
The stock options are tied to employment in the Company. If the stock option holder’s employment with Boule ends before July 1, 2017 all stock options expire without right to exercise.
For full terms see the minutes of the Annual General Meeting in 2014.