FormPipe Software currently has the following active incentive programs for the staff.

Warrant program 2010/2012

The annual general meeting on 2010-03-16 approved the board’s proposal of issuing warrants to the employees of the company. A total of 350 000 warrants was issues where one warrant give the holder the right to purchase one newly issued share in the company, which gives a total maximum dilution of 3 %.

 

Program 2010/2012
No of warrants 350 000
Strike price, SEK 25,76
End of life 2010-02-15
Maximum increase in equity, SEK 35 000



The warrants have been priced at market value by an external and independent valuation firm and paid in full by company’s employees. The company thereby assumes no additional costs, such as social security costs, will be charged in relation to this program.
 
For the program’s full terms and conditions please see the minutes from the annual general meeting 2010.