Incentive program

Long term incentive plan – Warrant Plan 2023/2026, Warrant Plan 2024/2027, and Warrant Plan 2025/2028

The Annual General Meeting held on 10 May 2023 resolved to adopt three long-term incentive plans, Warrant Plan 2023/2026, Warrant Plan 2024/2027, and Warrant Plan 2025/2028 (each a “Warrant Plan” and together the “Warrant Plans”) for senior executives and certain key persons in Mips (in total 25 persons) by the issue of warrants with subsequent transfers to the participants in the incentive plans at a price corresponding to market terms.

The Warrant Plans comprise a maximum of 429,000 warrants corresponding to a maximum dilution of the share capital and votes in the company of approximately 1.6 percent, subject to recalculation according to the terms and conditions for each Warrant Plan. Each warrant entitles to subscription of one new share in Mips at a subscription price corresponding to 130 percent of the average volume-weighted price paid for the Mips share according to Nasdaq Stockholm’s official price list during the five trading days preceding the time when the participants in Mips, who are covered by the Warrant Plans, acquire warrants under each respective Warrant Plan.

The company has no other costs for the Warrant Plans other than administrative costs regarding advisors etc. in connection with the preparation of the documentation and the resolution to issue the warrants etc.