Betolar Plc
Company Release
3 June 2025 at 9:30 a.m. EEST
The Board of Directors of Betolar Plc resolved on incentive plans for key employees of the Group
The Board of Directors of Betolar Oyj has decided to implement a new option program for key personnel. There is a significant economic reason for granting the option rights from the company's perspective, as the option rights are intended to be part of the group's key personnel incentive and commitment system. The option rights encourage key personnel to work long-term to increase shareholder value. The option rights also aim to commit key personnel to the employer.
There are a total of up to 800,000 option rights in the 2025 option program, and they entitle the holder to subscribe for up to the same number of new or existing shares held by the company.
The shares subscribed based on the issued option rights will correspond to up to 3.7 percent of all the company's shares and votes after possible share subscriptions, if new shares are issued in the subscription. As a result of share subscriptions based on option rights, the number of the company's shares may increase by up to 800,000 shares if new shares are issued in the subscription.
The subscription price per share for shares subscribed with 2025 option rights is 0.89 euros, based on the weighted average price of the share traded on Nasdaq Helsinki Oy's Nasdaq First North Growth Market Finland marketplace 23 November 2024–23 May 2025.
The subscription price of the share will be recorded in the company's invested unrestricted equity fund. The annual dividends and capital returns per share will be deducted from the subscription price.
The subscription period for shares subscribed with option rights is 1 April 2027–28 February 2030.
The theoretical market value of one option right is approximately 0.70 euros, and the theoretical market value of the option rights is approximately 560,000 euros. The theoretical market value of the option right has been calculated using the Black & Scholes model with the following assumptions: share price 1.24 euros, subscription price 0.89 euros, risk-free interest rate 2.18 %, option rights validity period approximately 4.75 years, and volatility 54.38 %.
The Board decided on the new option program based on the authorization given by the company's Annual General Meeting on 27 March 2025.
The Board of Directors of Betolar decided to grant a total of 745,000 option rights under the 2025 option program to key personnel named by the Board who are employed by Betolar. The option program includes 15 key personnel of the company, including the CEO. The Board also decided that 50% of these options will be exercisable within the aforementioned subscription period, and the remaining 50% will be subject to revenue and sales margin targets set by the Board, which must be achieved before the subscription period begins.
BETOLAR PLC
Board of Directors
Additional information:
Anders Dahlblom, Chairman of the Board, tel. +358 40 081 5427
Certified Advisor:
Aktia Alexander Corporate Finance Oy, tel. +358 50 520 4098
About Betolar Plc
Betolar is a circular economy enabler and materials technology specialist, providing innovative solutions to help use industrial sidestreams to produce low-carbon and cement-free products for the mining and construction sectors. Betolar's mission is to help reduce carbon emissions and the use of virgin resources in mining and construction.
Betolar's circular economic innovations significantly reduce CO2 emissions from cement use and the use of virgin raw materials by utilizing industrial sidestreams. Betolar is continuously developing its low-carbon Geoprime solution for the mining, metals and construction industries. In addition, Betolar's AI-based data platform creates value from industrial side streams and accelerates solution development. The SidePrime analytics service, based on the data platform, maps the potential for utilization of industrial sidestreams and waste.
Betolar was founded in 2016 and is domiciled in Kannonkoski, Finland. Betolar is listed on the Nasdaq First North Growth Market. For more information www.betolar.com.