Clavister Executives Invest in Incentive Program

Clavister executives have invested in the incentive program earlier resolved by the Annual General Meeting in April 2017. CEO and the executive management team have fully subscribed to the warrants allocated.

December 15, 2017, Örnsköldsvik, Sweden. Clavister (Nasdaq: CLAV), a leader in high-performance network security solutions, resolved on an incentive program of up to 300,000 warrants to executives in Clavister at the Annual General Meeting on the 27th of April 2017. 

The 300,000 warrants have now been fully subscribed to, including full subscription by Clavister’s CEO and the executive management team. The strike price is SEK 30 per share. The warrants are acquired at market conditions at a subscription price of SEK 2.06, determined from the Black & Scholes model by an independent third party. The incentive program, only allocated to Swedish executive employees, expires on the 30th of June 2020. At date of the resolution, the incentive program represented a maximum dilution of 1.3%. 

For more information, please contact:
John Vestberg, President and CEO
john.vestberg@clavister.com

About Clavister

Clavister is a leading supplier of IT-Security Solutions for fixed, mobile and virtual networks. Clavister is offering small and midsized companies, telecom-operators, cloud and service-providers market-leading security-solutions for today’s security threats. The stock, Clavister Holding AB, is listed at NASDAQ First North under shortname CLAV and has 5,966 shareholders. Remium Nordic AB is the Companies Certified Advisor. 

About Us

Clavister is a network security vendor delivering a full range of network security solutions for both physical and virtualized environments. Our network security solutions are used by a wide range of organizations throughout the world, including mobile and network security solutions for large enterprises, cloud service providers and telecom operators. Our product portfolio demonstrates world-class performance, flexibility and robustness. We continue to innovate and pioneer new and exciting areas in network security. Our Clavister product line is available both as hardware and virtual appliances. Each appliance series offers the same award-winning Clavister functionality and gives you the ultimate choice in selecting the right network security solution for your needs. This is a direct result of our constant drive to bring out innovative network security features and products to the market. Founded in 1997, Clavister has a proven track record of providing innovative solutions and leading edge security design.

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