At the Annual General Meeting held on May 25, 2021, it was decided to introduce a three-year incentive program aimed at the company’s senior executives and additional key employees, a total of 11 employees. The incentive program comprises a total of a maximum of 200,000 warrants, which entitles to a maximum of new subscriptions of the corresponding number of shares. Balco’s total cost for the incentive program during the program’s duration is expected to amount to approximately 2 MSEK. The program entails a dilution corresponding to approximately 0.9 percent of the company’s total number of shares. The senior executives in Balco have acquired 136,498 warrants amounting to a total value of 1,325,396 SEK.
At the Annual General Meeting held on 24 May 2022, it was decided to introduce a three-year incentive programme directed at the company's senior executives and additional key employees, totalling 41 employees. The incentive programme comprises a maximum of 220,000 warrants in total, entitling the holder to subscribe for a maximum of the corresponding number of shares. Balco's total cost for the incentive programme over the duration of the programme is expected to amount to approximately SEK 1.6 million. The programme entails a maximum dilution corresponding to approximately 1.0 per cent of the company's total number of shares. Balco's senior executives have acquired 40,000 warrants with a total value of SEK 267,200.
The purpose of the incentive program is to encourage broad shareholding among the company’s key employees, facilitate recruitment, retain competent and talented employees, increase the community of interest between the key employees’ and the company’s objectives and increase the motivation to achieve or exceed the company’s financial goals.