Stock options 2020

Based on the authorization granted by the AGM held on 16 April 2020, the Board of Directors on 24 August 2020 decided to issue maximum 760,000 stock options to the Group’s management and other key personnel. The stock options are offered free of charge. Each stock option entitles to subscribe for one (1) new or existing share of DT as in each case decided by the Board.

The stock options will be issued in separate series, which will be marked with symbols 2020A1, 2020A2, 2020B1 and 2020B2. The combined aggregate number of stock options either marked with the symbol 2020A1 or 2020A2 is 380,000 stock options, and the combined aggregate number of stock options either marked with the symbol 2020B1 or 2020B2 is 380,000 stock options.

The share subscription period will be for the stock options 2020A1 and 2020A2 from 2 May 2023 until 31 May 2024, and for the stock options 2020B1 and 2020B2 from 2 May 2024 until 31 May 2025.

The share subscription price with the stock options 2020A1 and 2020A2 will be the trade volume weighted average price of the company’s share in public trading during 31 August 2020 – 25 September 2020. The share subscription price with the stock options 2020B1 and 2020B2 will be the trade volume weighted average price of the company’s share in public trading during 6 September 2021 – 1 October 2021.

Stock options 2018

Based on the authorization granted by the AGM held on 27 March 2018, the Board of Directors on 27 September 2018 decided to issue maximum 760,000 stock options to the Group’s management and other key personnel. The stock options are offered free of charge. Each stock option entitles to subscribe for (1) new or existing share of DT as in each case decided by the Board.

The stock options were issued in separate series marked with symbols 2018A1, 2018A2, 2018B1 and 2018B2. The combined aggregate number of stock options either marked with the symbol 2018A1 or 2018A2 is 380,000 and the combined aggregate number of stock options either marked with the symbol 2018B1 or 2018B2 is 380,000.

The share subscription period with the stock options 2018A1 and 2018A2 is from 2 May 2021 until 31 May 2022 and with the stock options 2018B1 and 2018B2 from 2 May 2022 until 31 May 2023.

The share subscription price with the stock options 2018A1 and 2018A2 is the trade volume weighted average price of the company’s share in public trading during 29 August 2018 – 26 September 2018. The share subscription price with the stock options 2018B1 and 2018B2 is the trade volume weighted average price of the company’s share in public trading during 2-27 September 2019.

The Board of Directors on 27 September 2018 confirmed that the share subscription price with the stock options 2018A1 and 2018A2, determined as the average price during the above-mentioned trading period, is €22.26. The subscription price will be further reduced based on the grounds stipulated in the stock option terms and conditions such as for example based on dividends distributed before shares with the stock options are subscribed. The Board of Directors on 27 September 2018 also decided to grant in total 376,000 stock options to approximately 60 individuals within the stock options series 2018A1 and 2018A2.

On 24 October 2019, the Board of Directors of Detection Technology Plc confirmed in its meeting that the share subscription price with the stock options 2018B1 and 2018B2 is EUR 20.66, determined as the average price during the trading period of 2-27 September 2019. The share subscription price of the stock options may be decreased in certain specific cases mentioned in the stock option terms and conditions. The Board of Directors also decided to grant in total 384,000 stock options to 60 individuals within the stock option series 2018B1 and 2018B2. The share subscription period is from 2 May 2022 until 31 May 2023. Within the stock option program 2018, the total number of stock options granted is 760,000 to 70 individuals.