On February 15, 2016, the Board of Directors resolved, on the authority of the Annual General Meeting on December 4, 2015, to introduce an option program of the series 2016/2019 whereby 15,780 warrants were issued to the Company's employees, consultants and Board members. During the period from April 15, 2016 to April 30, 2019, a warrant warranted subscription of a new common stock in the Company at a price of SEK 9.40 per share. At the Annual General Meeting on November 30, 2018, it was resolved to extend the subscription period until May 31, 2020. Since February 15, 2016, a number of changes in the Company's share capital have taken place, which has led to a recalculation according to the terms of the warrants. After recalculation, the total number of warrants in the stock option program is 78,900 warrants, of which 31,560 warrants are repurchased by the Company in accordance with the terms of the warrants.
On 19 September 2017, the Board of Directors resolved, on the authority of the Annual General Meeting on 18 November 2016, to introduce an option program of the 2017/2020 series, whereby 22 022 warrants were issued to the Company's employees, consultants and Board members. An option gives the holder the right to acquire one share in the company during the period September 19, 2017 - October 1, 2020 at a price of SEK 20 per share. Since September 19, 2017, a number of changes in the Company's share capital have taken place, which has led to a recalculation according to the terms of the warrants. After recalculation, the total number of warrants in the stock option program is 110,110 warrants.
On March 28, 2019, the Board of Directors resolved, on the authority of the Annual General Meeting on November 30, 2018, to introduce an option program of the 2019/2022 series, whereby 57,300 warrants were issued to the Company's employees, consultants and Board members. An option gives the holder the right to acquire one share in the company during the period March 28, 2019 - May 9, 2022 at a price of SEK 9.40 per share. Since March 28, 2019, a number of changes in the Company's share capital have taken place, which has led to a recalculation according to the terms of the warrants. After recalculation, the total number of warrants in the options program is 286,500 warrants.
At the board meeting on the 13th of May 2020 the board decided to emit 110,000 warrants to key personnel in the company, giving the holder the right to at the latest on 2023-09-30 to subscribe for one share in Adventure Box Technology AB (publ) at a strike price 130% of the average volume weighed stock price of the share quoted on Nasdaq First North Growth Market Stockholm between 2020-05-14 – 2020-05-27 . The average volume weighed stock price of the share was 7,58 and thus the strike rate will be SEK 7,58 x 1,30 = SEK 9,86 per share.
At the board meeting on the 13th of May 2020 the board decided to emit 45,000 warrants to board members of the company, giving the holder the right to at the latest on 2023-09-30 to subscribe for one share in Adventure Box Technology AB (publ) at a strike price 130% of the average volume weighed stock price of the share quoted on Nasdaq First North Growth Market Stockholm between 2020-05-14 – 2020-05-27 . The average volume weighed stock price of the share was 7,58 and thus the strike rate will be SEK 7,58 x 1,30 = SEK 9,86 per share.
At the board meeting on the 20th of May 2021 the board decided to emit 100,000 warrants to key personnel in the company, giving the holder the right to, at the period commencing on 1 July 2024 (however not earlier than the day after the publication of the company's interim report for the period Q1 2024) up to and including the date that falls 30 calendar days thereafter, subscribe for one share in Adventure Box Technology AB (publ). The strike price is at 130% of the average volume weighed stock price of the share quoted on Nasdaq First North Growth Market Stockholm for 10 days following 2021-05-21. The average volume weighed stock price of the share was 6,96 and thus the strike rate will be SEK 6,96 x 1,30 = SEK 9,04 per share.
At the board meeting on the 20th of May 2021 the board decided to emit 20,000 warrants to board members of the company, giving the holder the right to, at the period commencing on 1 July 2024 (however not earlier than the day after the publication of the company's interim report for the period Q1 2024) up to and including the date that falls 30 calendar days thereafter, subscribe for one share in Adventure Box Technology AB (publ). The strike price is at 130% of the average volume weighed stock price of the share quoted on Nasdaq First North Growth Stockholm for 10 days following 2021-05-21. The average volume weighed stock price of the share was 6,96 and thus the strike rate will be SEK 6,96 x 1,30 = SEK 9,04 per share.