Extraordinary general meeting in Sdiptech AB (publ)

Press release
5 March 2018, 17:30

Extraordinary general meeting in Sdiptech AB (publ)

The shareholders of Sdiptech gathered in Stockholm, Sweden, on Monday 5 March 2018 for an extraordinary general meeting and passed the following main resolutions.

The meeting unanimously resolved in accordance with the proposal of the Board of Directors to implement an incentive scheme through issue and approval of transfer of warrants.

The incentive scheme is comprised of not more than 756,000 warrants divided among three series: 252,000 warrants of series 2018/2021, 252,000 warrants of series 2018/2022 and 252,000 warrants of series 2018/2023. The warrants will be subscribed by a wholly-owned subsidiary, with deviation from the shareholders' preferential rights, with a right and obligation for the subsidiary to transfer the warrants to participants of the incentive scheme. Such transfers shall be made at market price.

Each warrant of series 2018/2021 entitles the holder to subscribe for one new common share of series B ("B-shares") in the company during the period from the later date of (i) 1 February 2021 and (ii) the day after the publishing of the company's year-end report of 2020 up to and including 12 March 2021. The subscription price for new B-shares subscribed for through the warrants shall be SEK 59.80, which is equal to an amount corresponding to 140 per cent of the volume-weighted average of the quoted price paid for the B-share on Nasdaq First North during the period 19 February-2 March 2018 ("Reference Share Price").

Each warrant of series 2018/2022 entitles the holder to subscribe for one new B-share in the company during the period from the later date of (i) 1 February 2022 and (ii) the day after the publishing of the company's year-end report of 2021 up to and including 11 March 2022. The subscription price for new B-shares subscribed for through these warrants shall be SEK 67.10, corresponding to 157 per cent of the Reference Share Price.

Each warrant of series 2018/2023 entitles the holder to subscribe for one new B-share in the company during the period from the later date of (i) 1 February 2023 and (ii) the day after the publishing of the company's year-end report of 2022 up to and including 10 March 2023. The subscription price for new B-shares subscribed for through these warrants shall be SEK 75.20, corresponding to 176 per cent of the Reference Share Price.

The increase of the Company's share capital will, upon full exercise of the warrants, amount to not more than SEK 18,900, of which SEK 6,300 for each series, corresponding to a dilution of not more than approximately 2.4 per cent of the total amount of shares and approximately 1.5 per cent of the total amount of votes in the company.

The purpose of the incentive programme, and the reason for the deviation from the shareholders' preferential rights, is to create conditions for retaining and recruiting competent personnel to the group, increase the motivation amongst the participants, increase their loyalty to the company and align their interest with that of the company's shareholders as well as promote a personal shareholding, and thereby promote shareholder value and the company's long-term value creation capability.

Sdiptech's common share of series B share is traded under the short name SDIP B with ISIN code SE0003756758. Sdiptech AB's preferred shares are traded under the short name SDIP PREF with ISIN code SE0006758348. Sdiptech AB's Certified Adviser at Nasdaq First North Stockholm is Erik Penser Bank. Further information is available on the company's website: www.sdiptech.com

For further information, please contact:

Carl Johan Åkesson, CFO, +46 708 30 70 57, cj.akesson@sdiptech.com
Jakob Holm, CEO, +46 761 61 21 91, jakob.holm@sdiptech.com

Sdiptech AB is a technology group with a primary focus on urban infrastructures. The group offers deeply niched services and products for both expanding and renovating rapidly growing metropolitan areas. The company is based in Stockholm.

The information was provided by the above contact persons for publication 5 March 2018 at 17:30 CET.