The Board of Directors of QPR Software Plc Resolved on a New Stock Option Plan
QPR SOFTWARE PLC STOCK EXCHANGE RELEASE SEPTEMBER 6, 2023 at 11:30 a.m EEST
The Board of Directors of QPR Software Plc Resolved on a New Stock Option Plan
Based on the authorization granted by the Annual General Meeting of QPR Software Plc (the "Company") on May 3, 2023, the Board of Directors (the "Board of Directors") of the Company has on September 6, 2023 resolved to launch a new stock option plan, under which key personnel of the Company and its subsidiaries (the “Group”) may receive stock options (the “Stock Option(s)”) entitling to subscribe for shares in the Company (the “Share(s)”).
There is a weighty financial reason for the issuance of the Stock Options as the Stock Options are intended to form a part of the incentive and commitment program of the Group’s key personnel. The purpose of the Stock Options is to encourage the key personnel to work on a long-term basis to increase shareholder value as well as to commit the key personnel to the Group as their employer.
The total maximum number of Stock Options to be issued is 1,000,000 and they entitle their holders to subscribe for a total maximum number of 1,000,000 new Shares in the Company or treasury Shares held by the Company. The Board of Directors decides whether the Shares issued to the subscribers are new Shares or treasury Shares held by the Company. The Stock Options are issued free of charge. All 1,000,000 Stock Options are marked with the symbol 2023.
The number of Shares subscribed for by exercising the issued Stock Options corresponds to a maximum total of approximately 5.2 per cent of all Shares and votes carried by the Shares in the Company after the potential Share subscriptions if new Shares are issued in the Share subscription. After the Share subscriptions with Stock Options, the number of the Company’s Shares may be increased by a maximum total of 1,000,000 Shares if new Shares are issued in the Share subscription.
The Share subscription price is EUR 0.42, which corresponds to the trade volume weighted average price of the Company’s Share on Nasdaq Helsinki Ltd., rounded to the nearest cent, during the ten (10) trading days following the announcement of the Company’s directed share issue on August 22, 2023. The Share subscription price of the Stock Options may be decreased in certain specific cases described in the terms and conditions of the Stock Options attached to this release. The Share subscription price shall, nevertheless, always amount to at least EUR 0.01.
The Share subscription period for Stock Options will be September 6, 2026 – September 5, 2028.
The theoretical market value of one Stock Option is approximately EUR 0.158, and the theoretical market value of all Stock Options is approximately EUR 158,000 in the aggregate. The theoretical market value of one Stock Option has been calculated using the Black-Scholes stock option pricing model by taking into account the Share subscription price of a Stock Option being EUR 0.42 and with the following additional input factors: Share price EUR 0.40, risk free interest rate 2.98 per cent, time to maturity of Stock Options approximately 5.0 years, and volatility approximately 42.2 per cent.
The terms and conditions of the Stock Options are attached to this release and are available on the Company’s webpage: www.qpr.com/company/investors.
QPR Software Plc
The Board of Directors
Further information:
QPR Software Plc
Heikki Veijola / Mervi Kerkelä-Hiltunen
Chief Executive Officer / Chief Financial Officer
Tel. +358 40 922 6029 / Tel. +358 40 563 6146
About QPR Software
QPR Software Plc (Nasdaq Helsinki) provides process mining, performance management, and enterprise architecture solutions for digital transformation, strategy execution, and business process improvement in over 50 countries. QPR software allows customers to gain valuable insights for informed decisions that make a difference.
Dare to improve. www.qpr.com
Distribution:
Nasdaq Helsinki
Principal media
www.qpr.com
Attachment
To view this piece of content from www.globenewswire.com, please give your consent at the top of this page.To view this piece of content from ml-eu.globenewswire.com, please give your consent at the top of this page.
About GlobeNewswire by notified
GlobeNewswire by notifiedGlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.
Subscribe to releases from GlobeNewswire by notified
Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from GlobeNewswire by notified
Technicolor Creative Studios: Business Update and First Half 2023 Financial Results2.10.2023 21:55:38 CEST | Press release
CORPORATE PRESS RELEASE Technicolor Creative StudiosBusiness Update and First Half 2023Financial Results PARIS (FRANCE), OCTOBER 2,2023 – Technicolor Creative Studios (Euronext Paris: TCHCS) (the “Company”) today provided business update and announced its first half 2023 financial results1. Acceleration of the transformation plan to drive the recovery of the business Impact of strikes in Hollywood andunfavourable macroeconomic environment led to reduction of activity withlower financial and operational performancefor thefirst half 2023Renewed confidence from majority shareholders and lenders with:An additional €30 million of new money injection to address liquidity needs A proposed tender offer (“offre publique d’achat simplifiée”)at a price of 1,63 euro per share, dividends included,to beinitiated by a large majority of shareholders and lenders (holding 94,82% of the capital) acting in concert in view of proceeding to a mandatory squeeze outto achieve delisting of Technicolor Creative
Meltwater launches new mChampion program in the Meltwater Customer Community2.10.2023 21:39:09 CEST | Press release
SAN FRANCISCO, Oct. 02, 2023 (GLOBE NEWSWIRE) -- Meltwater, a leading global provider of social, media and consumer intelligence, today announces the launch of its new mChampions Community Rewards Program to enhance customer experience and provide career elevation and networking opportunities, in the Meltwater Customer Community. Meltwater’s Customer Community, mCommunity, is an online, self-service community for Meltwater customers to share knowledge, challenges, best practices and experiences to build skills and advance their careers in PR, Communications and Marketing. With over 7,000 members and several community-led discussion boards and groups established, mCommunity has created an environment where users can collaborate and succeed together. Today, through Meltwater’s customer-centric approach and commitment to fostering knowledge sharing through mCommunity, Meltwater has taken a significant leap forward with the introduction of the mChampions program – a rewards program exclusi
SKEL fjárfestingafélag hf.: Buy-back programme week 392.10.2023 20:04:24 CEST | Press release
In week 39 2023, SKEL fjárfestingafélag hf. purchased in total 7,350,000 own shares for total amount of 96,345,000 ISK as follows: DateTimePurchased sharesPricePurchase priceTotal own shares25.9.202309:35:00 500,000 13.30 6,650,000 27,118,518 25.9.202310:25:00 500,000 13.25 6,625,000 27,618,518 25.9.202314:49:00 500,000 13.30 6,650,000 28,118,518 25.9.202314:50:00 500,000 13.30 6.650.000 28,618,518 26.9.202309:53:00 500,000 13.40 6.700.000 29,118,518 26.9.202310:08:00 500,000 13.40 6.700.000 29,618,518 26.9.202312:49:00 500,000 13.25 6.625.000 30,118,518 26.9.202314:14:00 500,000 13.20 6.600.000 30,618,518 27.9.202310:04:00 500,000 12.90 6.450.000 31,118,518 27.9.202312:54:00 500,000 12.85 6.425.000 31,618,518 27.9.202314:21:00 450,000 12.85 5.782.500 32,068,518 27.9.202315:29:00 450,000 12.85 5.782.500 32,518,518 28.9.202310:01:00 450,000 12.90 5.805.000 32,968,518 28.9.202315:06:00 1,000,000 12.90 12.900.000 33,968,518 7,350,00096,345,00033,968,518 The execution of the buy-back progr
Nokia Corporation: Repurchase of own shares on 02.10.20232.10.2023 20:00:00 CEST | Press release
Nokia Corporation Stock Exchange Release 2 October 2023 at 21:00 EEST Nokia Corporation: Repurchase of own shares on 02.10.2023 Espoo, Finland – On 2 October 2023 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows: Trading venue (MIC Code)Number of sharesWeighted average price / share, EUR*XHEL341,8703.53CEUX35,2183.53AQEU1,5003.53TQEX22,4123.56Total401,0003.53 * Rounded to two decimals On 3 February 2022, Nokia announced that its Board of Directors is initiating a share buyback program under the authorization granted by Nokia’s Annual General Meeting on 8 April 2021 to return up to EUR 600 million of cash to shareholders in tranches over a period of two years. The second phase of the share buyback program in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR), the Commission Delegated Regulation (EU) 2016/1052 and under the authorization granted by Nokia’s Annual General Meeting on 5 April 2022 started on 2 January 2023
Iceland Seafood International hf: Completes auction of bills2.10.2023 19:06:52 CEST | Press release
Iceland Seafood International hf. has concluded an offering of 3-month bills in the new series ICESEA 24 0105. Total offers for bills in the auction amounted to ISK 1.560 million and offers were accepted for ISK 1.300 million, at a simple rate of 11.75%. The bills are scheduled to be admitted to trading on Nasdaq Iceland in the coming weeks.