Business

FirstFarms A/S allocates warrants

FirstFarms’ Board of Directors wishes to reward and motivate selected managers with the allocation of warrants The Board of Directors has decided to utilise its authorisation in section 5.7 in the company’s Articles of Association to issue 42,000 warrants, which each gives right to subscribe one share of 10 DKK in the company. Thus, the issued warrants give right to subscribe totally up to nominal 420,000 DKK shares in the company. The Board of Directors has at the same time made decision about

articleFirstfarms A/sJune 23, 20252/company/firstfarms-as/news/firstfarms-as-allocates-warrants
FirstFarms A/S allocates warrants

About this update from Firstfarms A/s

[{"type":"image","alt":"FirstFarms A/S","displaySize":"","headline":null,"caption":"FirstFarms A/S","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":57,"url":"https://media.zenfs.com/en/globenewswire.com/d79c740cea23b34146e1ebc25b9cf3ed"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/dgFsiywF1YEzvtGY51LqYw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTgwO2NmPXdlYnA-/https://media.zenfs.com/en/globenewswire.com/d79c740cea23b34146e1ebc25b9cf3ed","width":300,"height":57}},"lazy":false},{"type":"text","content":"FirstFarms’ Board of Directors wishes to reward and motivate selected managers with the allocation of warrants","length":110,"tagName":"p"},{"type":"text","content":"The Board of Directors has decided to utilise its authorisation in section 5.7 in the company’s Articles of Association to issue 42,000 warrants, which each gives right to subscribe one share of 10 DKK in the company. Thus, the issued warrants give right to subscribe totally up to nominal 420,000 DKK shares in the company. The Board of Directors has at the same time made decision about the related capital increase.","length":418,"tagName":"p"},{"type":"text","content":"The utilisation price of the allocated warrants is 65.16 DKK per share of nominal 10 DKK. The issued warrants are allocated cost-free with 25,000 pcs. to the company’s two Co-CEO’s and 17,000 pcs. to other managers. The price is determined based on an assessment of the total salary package for the employees.","length":309,"tagName":"p"},{"type":"text","content":"The allocated warrants can be utilised in a period of 4 weeks from the company’s release of the annual report for 1 January 2027 – 31 December 2027.","length":148,"tagName":"p"},{"type":"text","content":"If the employee resigns as bad leaver, the unutilised warrants will lapse immediately without the employee being entitled to remuneration and/or compensation. If the employee resigns as good leaver, the employee will retain the right to the allotted warrants.","length":259,"tagName":"p"},{"type":"text","content":"The issued warrants are estimated to have a total market value of 546,040 DKK, corresponding to 182,000 DKK per year in the period up to a possible utilisation. The market value is calculated based on the Black-Scholes model with a volatility of 11 %, a risk-free interest of 2 % p.a. and a share price of 75.00.","length":312,"...

More updates from Firstfarms A/s

warrants