Skip to main contentSkip to navigationSkip to search
Logotype

BoMill’s long-term incentive program for employees fully subscribed

3 September 2021, 08:30 CET

On May 6, 2021, the Annual General Meeting of BoMill AB resolved on an long-term incentive program through a directed issue of 200,000 warrants of series B 2021-2024 that entitles senior executives and other employees of BoMill the right to subscribe for new shares in the company. The last day for subscription of warrants was August 30, 2021, and the directed issue of warrants was fully subscribed.

The purpose of the incentive program is to strengthen the employees of the company´s interest and incentives for the company’s financial growth. The rights to subscribe were offered to the CEO and other executives as well as other employees. CEO Andreas Jeppsson subscribed for 75 000 warrants and other senior executives and employees subscribed for 125 000 warrants. In total, all 200,000 warrants were subscribed for.

The warrants will be issued against payment where the subscription price was established on the basis of a market value for the warrants using the Black & Scholes formula. Following the full subscription for warrants, the company will be provided with SEK 26 000.

Each warrant entitles the holder to subscribe for one new share in BoMill, to a subscription price corresponding to 300 % of the volume weighted market value of the share the ten trading days from and including August 2, 2021, to and including August 13, 2021, in accordance with the Black & Scholes formula. Subscription for shares shall be made through payment in cash to BoMill during the period of August 16, 2024, to August 26, 2024. Should all warrants be exercised, BoMill’s share capital will increase by SEK 200,000 and the number of shares will increase by 200,000 shares.

Should all warrants be exercised, the dilution for existing shareholders based on the current number of shares is 1.3%.

“I am convinced that BoMill has a promising future ahead and I am happy for this opportunity given to our entire team. With all warrants being exercised, it shows that we have an exciting business case that we all believe in”, comments CEO Andreas Jeppsson.

For more information about BoMill, please contact:

Andreas Jeppsson, CEO

Phone: +46 727 001 182

E-mail: andreas.jeppsson@bomill.com

 

Certified Adviser: Svensk Kapitalmarknadsgranskning AB

Phone: +46 11 32 30 732

E-mail: ca@skmg.se

BoMill has developed and is marketing a patented technology for sorting grain on a commercial scale, based on the internal qualities of each kernel. The method is the only one of its kind on the market today and is estimated to have the potential to become a Golden Standard within the industry. The Company operates in several markets and has sold sorting equipment to a number of reputable companies in the grain industry. For more information about BoMill, please visit www.bomill.com.

Latest news and releases

BoMill takes next step in development project with global player in the food industry

21 September 2021

Non regulatory

BoMill AB and a market-leading global player in the food industry take the next step to deepen the cooperation in the ongoing development project. The results, so far, have met both parties’ expectations, including meeting the time schedule. The next phase in the project will be to intensify the development work, on a larger scale, with a mutual ambition to commercialize BoMill’s technology, in the already identified market segments.

Management, Board of Directors and current shareholders increase ownership in BoMill AB

16 September 2021

Regulatory

BoMill AB’s management and Board of Directors have strengthened their ownership in BoMill following an acquisition of Industrifonden’s shares in the company. In total, 1 251 400 shares to the value of 5 005 600 SEK have been acquired by management, Board of Directors, and current shareholders in BoMill AB. Consolidating their commitment further, the owners show a solid trust in BoMill’s ambition to reach out globally with the company’s revolutionary solution.

Today, the exercise period for warrants in BoMill AB begins

16 September 2021

Regulatory

BoMill AB (“BoMill” or “the Company”), an agritech company that is promoting a patented grain sorting solution that allows, in commercial quantities, to sort grains based on the internal properties of the kernel, today, 16 September 2021, announces that the exercise period for the warrants of TO 1 issued in connection with the Company’s IPO, begins. The exercise period for the warrants of series TO 1 runs until and including 7 October 2021. Upon full exercise of the warrants, BoMill will be allocated approximately SEK 23,7 million (before costs). Sedermera Fondkommission is the financial adviser and Markets & Corporate Law Nordic AB is the legal adviser in connection with the warrant exercise. Nordic Issuing is the issuing agent.

See all news and releases