Nexam Chemical announce fully subscribed option program for Management
Nexam Chemical Holding AB (publ), a leading developer of sustainable solutions that enhance the properties and performance of plastic materials, announces that the recently approved option program for Management has been fully subscribed.
At the Annual General Meeting on May 14, 2024, shareholders resolved to approve a directed option program comprising a maximum of 1,700,000 warrants, entitling the holders to subscribe for new shares in the company. The program, aimed at the CEO, management, and other key employees within the Nexam Chemical Group, is designed to strengthen commitment to the company's development and share price performance, and to stimulate continued loyalty in the coming years.
The option program has been fully subscribed among Management, confirming the strong confidence in the company’s future growth and strategy. Each option entitles the holder to subscribe for one new share during the period from September 1, 2027, to October 1, 2027, at a subscription price corresponding to 200 percent of the volume-weighted average price of the share on Nasdaq First North Growth Market Premier during the ten trading days preceding the Annual General Meeting on May 14, 2024.
Cecilia Jinert Johansson, Chairman of the Board of Nexam Chemical, comments: "We are very pleased with the strong support for our option program. It reflects confidence in our strategy and future prospects. Through this program, we can reward and retain key personnel who contribute to our continued success and growth."
In addition to the option program, several insider purchases have taken place among both the Management and the Board over the past year. Below is a summary of the holdings of selected key individuals, with changes since June 1, 2023, in parentheses:
Management:
- Ronnie Törnqvist, CEO, holds 251,648 shares (+ 199.483 shares)
- Marcus Nyberg, CFO, holds 50,470 shares (+ 26.305 shares)
- Dane Momcilovic, Business Manager, holds 219.442 shares (+ 127.760 shares)
- Christer Svanberg, CTO, holds 13,500 shares (+ 13.500 shares)
- Henrik Bernquist, Business Manager, holds 5.208 shares (+ 3.045 shares)
Board of Directors:
- Cecilia Jinert Johansson, Chairman of the Board, holds 173,599 shares (+ 80,769 shares)
- Lennart Holm, Board Member, holds 2,074,426 shares (unchanged)
- Martin Roos, Board Member, holds 400,000 shares (+ 130,500 shares)
- Magnus Wikström, Board Member, holds 17.482 shares (+ 17.482 shares)
Note: This press release has been translated from Swedish. The Swedish text shall govern for all purposes and prevail in case of any discrepancy with the English version.
For more information, please contact:
Ronnie Törnqvist, VD, +46-706 25 41 85, ronnie.tornqvist@nexamchemical.com
About Nexam Chemical
Nexam Chemical develops technology and products that make it possible to significantly improve the production process and properties of most types of plastics in a cost-effective manner and with retained production technology. The improved properties include strength, toughness, temperature and chemical resistance as well as service life. The improvements in properties that can be achieved by using Nexam Chemical's technology make it possible to replace metals and other heavier or more expensive materials with plastics in a number of applications. In applications where plastic is already used, Nexam Chemicals products can improve the manufacturing process, reducing material use and enable more environmental friendly alternatives. Example of commercial applications: pipe manufacturing, foam production and high-performance plastics. More information about the business will be found on www.nexamchemical.com. The company´s Certified Adviser is FNCA Sweden AB. FNCA Sweden AB can be reached at info@fnca.se or by phone +46-8 528 00 399.
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