Share-related incentive programs

Summary of outstanding convertible debentures issued to Sectra employees and external Members of the Board as of January 31, 2019. The maturity of programs for employees are 3 years and for external members of the board 4 years.

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 include recalculation due to the share redemption programs implemented by Sectra and include changes due to re-calculation November 8, 2018.

As of January 31, 2019, full conversion and exercise of issued share-related incentive programs would increase the number of shares by a maximum of 177,980 Series B-shares corresponding to 0.5% of the share capital and 0.3% of votes.

2014/2018 External Members of the Board

The program was fully converted during December 2018

No. of series B shares: 29,761
Original conversion price/Recalculated conversion price: SEK 132.80/117.60
Conversion period: December 10–14, 2018
Maturity date: December 31, 2018
Dilution at full conversion, capital: 0.1%

 

2015/2018 Employees

The program was fully converted during December 2018

No. of series B shares: 203,498
Original conversion price/Recalculated conversion price: SEK 130.70/120.80
Conversion period: December 10–14, 2018
Maturity date: December 31, 2018
Dilution at full conversion, capital: 0.5%

 

2015/2019 External Members of the Board

No. of series B shares: 26,963
Original conversion price/Recalculated conversion price: SEK 140.40/129.80
Conversion period: December 9–13, 2019
Maturity date: December 31, 2019
Dilution at full conversion, capital: 0.1%

 

2016/2019 Employees

No. of series B shares: 124,155
Original conversion price/Recalculated conversion price: SEK 181.80/SEK 173.40
Conversion period: December 9–13, 2019
Maturity date: December 31, 2019
Dilution at full conversion, capital: 0.3%

 

2016/2020 External Members of the Board

No. of series B shares: 19,062
Original conversion price/Recalculated conversion price: SEK 192.50/SEK 183.60
Conversion period: December 10–16, 2020
Maturity date: December 31, 2020
Dilution at full conversion, capital: 0.05%

 

2018/2021 Employees

No. of series B shares: 6,800
Original conversion price/Recalculated conversion price: SEK 376.80
Conversion period: January 10–14, 2022
Maturity date: January 31, 2022
Dilution at full conversion, capital: 0.02%

 

2018/2022 External Members of the Board

No. of series B shares: 1,000
Original conversion price/Recalculated conversion price: SEK 388.90
Conversion period: January 9–13, 2023
Maturity date: January 31, 2023
Dilution at full conversion, capital: 0.003%

 

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