Subscription for new shares under Mips’ warrant plan 2020/2023

At the annual general meeting of Mips AB (publ) (“Mips”) held on 7 May 2020 it was resolved to adopt a long term incentive plan for senior executives and certain key individuals in Mips by an issue of warrants with subsequent transfer to the participants at market terms. The subscription period for the warrants runs between 15 May 2023 and 30 September 2023.

Mips’ CEO Max Strandwitz intends to exercise warrants before the expiry of the subscription period. As a way to finance exercise of the warrants, Max Strandwitz has today sold 121,000 existing shares and may sell some of the newly issued shares to finance the exercise of additional warrants.