Share-Based Incentive Program 2014/2018
At the Thule Group Extraordinary General Meeting on November 12, 2014 it was resolved to issue warrants as part of incentive programs for (i) management and key employees and (ii) the Chairman of the Board of Directors (the “Participants”). In total the incentive programs currently comprise 7 individuals. Warrants have been issued to and subscribed by Thule Group’s subsidiary Thule AB, and the Participants have acquired warrants from this subsidiary at market value corresponding in total to SEK 13.25 million. The total program corresponds to maximum 4,999,998 warrants and warrants not acquired by the Participants may be offered to newly hired executive management and/or key employees in the future. The program corresponds to 5% of Thule Group’s share capital if fully exercised. The warrants have been issued in three separate series, each comprising an equal number of warrants.