Minesto Amends Term for Warrants of Series P0
- Business & Finance
The board of directors of Minesto has amended the terms and conditions of the warrants of Series P0 in the company.
The change means that the subscription period is extended from the end of December 31, 2019 to the end of June 30, 2020.
In May 2013, the board of directors of Minesto decided to issue warrants of Series P0 to employees of the company. One P0 warrant gives the holder the right to subscribe for one share in the company at a subscription price of SEK 5.95.
The subscription period for the P0 warrants expires December 31, 2019 and it can be noted that the P0 warrants have not been or are the subject of trading.
Of the original volume of a total of 712,000 P0 warrants 168,500 currently remain to be exercised. The majority of these are held by the company’s CEO Martin Edlund.
“The Board finds it to be in the interests of both the company, its shareholders and the warrants holders to ensure that the incentive of the executive management continues to be strengthened. Against this background, the board of directors has decided that the subscription period for the P0 options will be extended until June 30, 2020,” Minesto wrote.