Mentice Year-end Report Q4, Oct - Dec 2022
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Employee Incentive Programs

A warrant incentive program for employees was implemented in May 2019 which follow the Code. The warrants program 2019/2024 consists of 1,429,922 warrant rights where each warrant entitles the holder to subscribe for one new share at a price of 66.50 SEK in April 2024.

A premium has been paided that corresponds to the market value of the warrant calculated using the Black & Scholes formula. As the market value has been paid, the program has no effect on the company’s result for the period or its financial situation.