Share-related incentive programs

Summary of outstanding convertible debentures issued to Sectra employees and external Members of the Board. The maturity of programs for employees are 3 years and for external members of the board 4 years.

As of December 31, 2020, full conversion and exercise of issued share-related incentive programs would increase the number of shares by a maximum of 7,968 series B shares, corresponding to less than 0.1% of the share capital and 0.1% of the voting rights.

In accordance with the applicable terms and conditions for issued convertible programs, the conversion prices have been recalculated in the event of a redemption process and reduction of share capital. The figures stated below have been adjusted due to the share redemption programs implemented by Sectra and include changes related to the share redemption program in October 2020. The adjustment of the conversion prices were made November 9, 2020.

2016/2020 External Members of the Board – full conversion exercised during December 2020

During the conversion period Dec 10-16, 2020, convertible debentures corresponding to 19,474 shares of series B was converted.

No. of series B shares: 19,476
Original conversion price/Recalculated conversion price: SEK 192.50/SEK 179.70
Conversion period: December 10–16, 2020
Maturity date: December 31, 2020
Dilution at full conversion, capital: 0.05%

2018/2022 Employees

No. of series B shares: 6,947
Original conversion price/Recalculated conversion price: SEK 376.80/368.80
Conversion period: January 10–14, 2022
Maturity date: January 31, 2022
Dilution at full conversion, capital: 0.02%

2018/2023 External Members of the Board

No. of series B shares: 1,021
Original conversion price/Recalculated conversion price: SEK 388.90/380.70
Conversion period: January 9–13, 2023
Maturity date: January 31, 2023
Dilution at full conversion, capital: 0.003%

 

Stay up-to-date with our news and financial reports