The board of directors of Morrow Bank have previously issued a notice of the annual general meeting to be held on 28 April 2026 (AGM), including a proposal to establish an incentive program for management (LTIP 2026).
The board of directors have today proposed an adjustment of the LTIP 2026 proposal, whereby the Exercise Prise of each option is determined in SEK (instead of NOK).
Point 6 of the LTIP 2026 proposal is thereafter worded as follows:
In connection with the allocation of the warrants, the LTIP Participants shall enter into an agreement with the company on predetermined terms and conditions. The price to be paid per share upon exercise of an Option (the "Exercise Price") shall be 12,86 SEK.
The Exercise Price of 12,86 SEK is equivalent to 14 NOK (at the exchange rate applicable at the time of the merger between Morrow Bank AB and Morrow Bank ASA on 2 January 2026).