Incentive ProgramGovernance

Long Term Incentive Program – Warrant Program 2023/2026

The Annual General Meeting held on 11 May 2023 resolved to implement a long term incentive program (Warrant program 2023/2026) for employees and consultants in the Company.

The warrant program comprises of 300,000 warrants which, if all warrants are utilized for subscription of new shares, corresponds to a dilution of approximately 0,8 per cent of the Company´s share capital and votes after full dilution. Each warrant entitles to subscription of one new share in Polygiene Group and shall correspond to 200 per cent of the volume weighted average price for the Polygiene Group share according to Nasdaq First North Growth Market’s official price list during the period from and including 12 May 2023 to and including 20 May 2023

These warrants may be excercised during the period from 1 to 30 June 2026 for an exercise price of SEK 11.52 per share.

There are currently additional incentive programs in the form of the following outstanding warrants programs:

Warrant Program 2021/2024 and 2022/2025

There are corresponding warrant programs for 2021/2024 and 2022/2025 for employees and consultants in the Company.

The Warrant program 2021/2024 comprises 300,000 warrants and each warrant entitles to subscription of one share in the Company. The warrants may be excercised during the period from 1 to 30 June 2024 for an excercise price of SEK 68.28 per share.

The Warrant program 2022/2025 comprises 300,000 warrants and each warrant entitles to subscription of one share in the Company. The warrants may be excercised during the period from 1 to 30 June 2025 for an excercise price of SEK 26,62 per share.

The number of shares in the Company amounts to 36,526,989 and if all proposed and existing warrant programs are exercised in full, in the aggregate 900,000 shares will be issued, which corresponds to a dilution of approximately 2.5 per cent of Polygiene Group´s share capital and votes after full dilution.

The Company has no other costs for the warrant programs than administrative costs regarding advisors etc. in connection with the preparation of the documentation and the resolution to issue the warrants.

The Warrant program 2020/2023 adopted by the Annual General Meeting held on 15 May 2020 expired in June 2023.