Grant of warrants
Company Announcement No. 10-2021
Copenhagen, November 17, 2021
In connection with the appointment of Morten Lehmann Nielsen as new Chief Financial Officer, the Board of Directors exercised part of its current authorization to issue a total of 70,000 new warrants to Morten Lehmann Nielsen.
The exercised price is fixed at DKK 20.585 per share corresponding to average closing price for the previous ten days (November 2 to November 15, 2021) prior to the date on which the Board of Directors decided to grant the warrants. The warrants will vest according to the Articles of Association, appendix E, section 2.1.2 and will lapse automatically if not exercised before December 31, 2025. Warrants can be exercised in periods of four weeks starting the day after publication of the Company’s annual report, half-year report or quarterly report, respectively.
The warrants include conditions on accelerated vesting in case of change of control, e.g., takeover bid, merger or delisting. The theoretical market value of one warrant granted is DKK 3.90 (calculated using the Black Scholes model). The key assumptions for the calculation are a share price of DKK 20.20 (as of November 15, 2021), an exercise price of DKK 20.585, volatility of 25%, and risk-free interest rate of 0.00%.
The specific term of warrants issued by the Company can be found in the Articles of Association on https://impero.com/wp-content/uploads/2021/11/Impero-AS-Vedtaegter-AoA-pr.-16.11.2021.docx.
For further information, please contact:
Impero
Rikke Stampe Skov, CEO
Mobile: (+45) 25 88 41 02
Email: rss@impero.com
Certified Adviser
Grant Thornton
Jesper Skaarup Vestergaard
Mobile: (+45) 31 79 90 00
ABOUT IMPERO
Impero A/S is a Danish Software-as-a-Service (SaaS) company that provides a compliance management platform. The Impero platform enables companies to easily manage compliance through automation of risk and control management, documentation, and reporting. Impero empowers companies to become more compliant in a scalable, digital, intuitive, and – most importantly – easy way.
For more information about Impero, please visit http://impero.com/investors.