Incentive Programme 2025 – 2030
The annual general meeting held on 22 May 2025 resolved to issue a maximum of 180,000 warrants as part of a long-term incentive programme to employees in accordance with the terms and conditions set out below.
The incentive programme includes in total a maximum of 65 current and future employees of the Stendörren Fastigheter Group. Under the incentive program, employees are offered the opportunity to acquire warrants at a market value calculated in accordance with the Black & Scholes valuation formulae. The CEO and the deputy CEO can subscribe for a maximum of 20,000 warrants, other senior executives and the head of strategy a maximum of 8,000 warrants and other employees a maximum of 1,500 warrants. The company’s board members are not included in the incentive program.
Each warrant entitles the holder, during a period of two weeks from the date of publication of the interim financial report for the period 1 January – 31 March 2030, to subscribe for one new ordinary share of class B in the company at an exercise price of SEK 264. The number of shares to which each warrant carries entitlement to subscription and the subscription price for the warrants may be adjusted in accordance with the terms and conditions for the warrants.
Stendörren Fastigheter is entitled to subscribe for all warrants free of charge, after which the warrants are transferred by the company to the participants of the programme at a price corresponding to the market value of the warrants on the transfer date. In connection with the transfer of the warrants to the participants, the company and the participants shall enter into an agreement which regulates a vesting model under which 5% of the participants’ warrants are vested every quarter from the date on which the warrants are transferred to the participant. The agreement also regulates that the company reserves the right to repurchase warrants if the participant’s employment or assignment in the Stendörren Fastigheter Group ends, or if the participant wishes to transfer the warrants to another party. The company’s right to repurchase the warrants will vary depending on whether the participant’s warrants have been vested.
For the full terms and conditions of the program, see Annual General Meeting 2025 – Stendörren.
Incentive Programme 2023 – 2028
The annual general meeting held on 23 May 2023 resolved to issue a maximum of 180,000 warrants as part of a long-term incentive programme to employees in accordance with the terms and conditions set out below.
The incentive programme includes in total a maximum of 65 current and future employees of the Stendörren Fastigheter Group. Under the incentive programme, employees are offered the opportunity to acquire warrants at a market value calculated in accordance with the Black & Scholes valuation formulae. The CEO and the deputy CEO can subscribe for a maximum of 20,000 warrants, other senior executives and the head of strategy a maximum of 8,000 warrants and other employees a maximum of 1,500 warrants. The company’s board members are not included in the incentive programme.
Each warrant entitles the holder, during a period of two weeks from the date of publication of the interim financial report for the period 1 January – 31 March 2028, to subscribe for one new ordinary share of class B in the company at an exercise price of SEK 285. The number of shares to which each warrant carries entitlement to subscription and the subscription price for the warrants may be adjusted in accordance with the terms and conditions for the warrants.
Stendörren Fastigheter is entitled to subscribe for all warrants free of charge, after which the warrants are transferred by the company to the participants of the programme at a price corresponding to the market value of the warrants on the transfer date. In connection with the transfer of the warrants to the participants, the company and the participants shall enter into an agreement which regulates a vesting model under which 5% of the participants’ warrants are vested every quarter from the date on which the warrants are transferred to the participant. The agreement also regulates that the company reserves the right to repurchase warrants if the participant’s employment or assignment in the Stendörren Fastigheter Group ends, or if the participant wishes to transfer the warrants to another party. The company’s right to repurchase the warrants will vary depending on whether the participant’s warrants have been vested.
For the full terms and conditions of the program, see Annual General Meeting 2023 – Stendörren.
Incentive Programme 2020 – 2025
The extraordinary general meeting held on 30 September 2020 adopted a long-term incentive programme, including the issue of a maximum of 1,125,000 warrants, in accordance with the terms and conditions presented below.
The incentive programme includes in total a maximum of 57 current and future employees of the Stendörren Fastigheter Group. Under the incentive programme, employees are offered the opportunity to acquire warrants at a market value calculated in accordance with the Black & Scholes valuation method. The CEO and deputy CEO can subscribe for a maximum of 250,000 warrants, other senior executives a maximum of 100,000 warrants and other employees a maximum of 2,500 warrants. The company’s board members are not included in the incentive programme.
Each warrant carries entitlement, during a period of two weeks from the date of publication of the interim financial report for the period 1 January – 31 September 2025, to subscribe for one new Class B common share in the company at a subscription price of SEK 175. The number of shares to which each warrant carries entitlement to subscription and the subscription price for the warrants may be adjusted in accordance with the terms and conditions for the warrants.
Stendörren Fastigheter is entitled to subscribe for all warrants free of charge, after which the warrants are transferred by the company to the participants of the programme at a price corresponding to the market value of the warrants on the transfer date. In connection with the transfer of the warrants to the participants, the company and the participants are to sign an agreement that regulates a vesting model under which 5% of the participants’ warrants are vested every quarter from the date on which the warrants are transferred to the participant. The agreement also regulates that the company reserves the right to repurchase warrants if the participant’s employment or assignment in the Stendörren Fastigheter Group ends, or if the participant wishes to transfer the warrants to another party. The company’s right to repurchase the warrants will vary depending on whether the participant’s warrants have been vested.
For the full terms and conditions of the program, see Extraordinary General Meeting September 2020 (in Swedish) – Stendörren.