Incentive Programs

Boule has two outstanding incentive programs

Warrant Program 2020/2023

The warrant program comprises at most a total of 180,000 warrants that are gratuitously offered to employees in key positions in the Group. The total dilution will at a maximum be about 0.9 percent.

Each warrant entitles the holder to purchase one (1) new Boule share during the period June 1, 2023 to December 30, 2023 at an exercise price corresponding to 140 percent of the share’s average buy price during the period May 8, 2020 to May 22, 2020, with a minimum of SEK 70.00 per share.

The distributions of the warrants have been offered as follows:
Category A – CEO: Up to 100,000 warrants.
Category B – Member of the Group Management: Up to 30,000 warrants.
Category C – Other key people: Up to 10,000 warrants each, may not exceed 50,000 warrants in total.

For full terms see the minutes of the Annual General Meeting in 2020.

Warrant Program 2019/2022

The warrant program comprises a total of 490,500 warrants that are gratuitously offered to employees in key positions in the Group. The total dilution will at a maximum be about 2.5 percent. Each option entitles the holder to purchase one (1) new Boule share during the period July 1, 2022 to December 30, 2022 at an exercise price of SEK 67.46 per share.

The distributions of the warrants have been offered as follows:
Category A – CEO: 98,100 warrants.
Category B – Member of the Group Management: 29,975 warrants each, may not exceed 269,775 warrants in total.
Category C – Other key people: Up to 5,332 warrants each, may not exceed 122,625 warrants in total.

There are no restrictions of transfer of the warrants.

For full terms see the minutes of the Annual General Meeting in 2019.