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Bulletin from Extraordinary General Meeting in BICO Group AB (publ)

December 14, 2022 3:00 pm

The following resolutions were passed at the Extraordinary General Meeting (the “EGM”) of BICO Group AB (publ) (“BICO” or the “Company”) held today on 14 December 2022.

Adoption of a long-term incentive programme
The EGM resolved, in accordance with the Board of Directors’ proposal, to adopt a long-term incentive programme (Co-worker LTIP 2022) directed at employees within the BICO group. The rationale behind the incentive programme is, among other things, to contribute to higher motivation and commitment among the employees and to retain knowledgeable and experienced employees. Co-worker LTIP 2022 is a programme under which the employees, free of charge, will be granted a right to receive warrants depending on the Company’s fulfilment of certain performance requirements (see below) and will be subject to a three and a half-year vesting period. Co‑worker LTIP 2022 will comprise of current employees (a total of approximately 900 individuals), and participants who may be employed within the BICO group in the foreseeable future. In order to enable the incentive programme, the EGM also resolved on an issue of not more than 2,500,000 warrants directed at the wholly owned subsidiary BICO International AB. Based on the existing number of shares in the Company, Co-worker LTIP 2022, upon exercise of all 2,500,000 warrants, means that the share capital may increase by a maximum of SEK 62,500 and a maximum dilution corresponding to approximately 3.75 per cent of the outstanding share capital and votes in the Company.

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