Heliospectra’s Incentive Program Transfer Stock Warrants to Senior Executives and Key Personnel
Gothenburg, Sweden, 5 January 2021 at 14:30 CET
Heliospectra AB (publ) ("the Company") has through the wholly owned subsidiary Heliospectra Personal AB ("the Subsidiary") has executed the transfer of 930,000 stock warrants of series P03 from the Company to senior executives and key personnel within the group. The stock warrants were originally issued to the Subsidiary at the Company’s General Meeting held on May 14, 2020.
In accordance with the terms of the stock warrants, the Company has established the market value of the warrants per transfer day in accordance with the Black & Scholes option valuation model and the principles of the issue decision. The market value has been set at SEK 0.20 per option. The subscription price for the warrants has been set at SEK 3.19 per share and has been calculated in accordance with the principles of the issue resolution.
”This year we have taken significant strategic steps towards our long-term objectives by speeding up our technology development and product introduction to the market. A stronger digital presence combined with our new MITRA platform has positioned us well in the market, and the share issuance allows us to focus even more on key markets and the next-generation technology development this coming year. We now look forward to harvesting the rewards from our innovations over the past 14 years, achievements that would not be possible without our dedicated employees. We want to make sure our employees get the chance to take part in the future value development and this incentives program provides that,” said Ali Ahmadian, CEO Heliospectra.
The subsidiary still holds the remaining 70,000 stock warrants of series P03 which in future may be offered to senior executives and key personnel.
For More Information:
Heliospectra AB, Fiskhamnsgatan 2, 414 58 Gothenburg, Sweden
Phone +46 31 40 67 10
Heliospectra AB was founded in 2006 in Sweden by plant scientists and biologists with one vision – to make crop production more intelligent and resource-efficient. Today, with customers across six continents, Heliospectra is the global leader in innovative horticulture lighting technology, custom light control systems and specialized services for greenhouse and controlled plant growth environments. Designed by growers for growers, Heliospectra builds customized LED lighting strategies and controls to automate production schedules, forecast yields and monitor crop health and performance with real-time data and response, to deliver the light plants love and the consistent results growers need.
For more information, please visit https://www.heliospectra.com.