Hexatronic’s Long-Term Incentive Programme LTIP 2023 has matured and the company utilises authorisation to transfer shares
Summary by AI BETAClose X
In connection with the maturity of Hexatronic’s long-term incentive programme, LTIP 2023, participants in the programme have been allotted performance shares.
The members of Hexatronic’s Executive Management Team who are allotted shares under LTIP 2023 have announced that they do not intend to sell any of these shares at this time.
Hexatronic has converted 21,959 Class C shares into ordinary shares, of which 16,709 shares will be transferred to participants in LTIP 2023 and 5,250 shares will be sold on Nasdaq Stockholm to cover costs related to social security contributions. The shares allotted under the incentive programme will be transferred free of charge. The sales on Nasdaq Stockholm, which will be carried out by Danske Bank A/S, Sweden Branch, may take place from 16 July 2026 up until the next Annual General Meeting at a price within the prevailing share price range at the time of the sale.
The total number of shares in Hexatronic amounts to 225,254,227, of which 221,448,661 are ordinary shares and 3,805,566 are Class C shares. The company’s holding of treasury shares amounts to 556,300 ordinary shares and 3,805,566 Class C shares.
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