Investor Relations Captor Therapeutics ®
An incentive scheme for the Company’s employees based on the Company’s shares was created in the Company, which covers not more than 237,244 ordinary shares of the Company (constituting 7.29% of shares of the Company as of adoption of the scheme) (“Incentive Scheme”).
The Incentive Scheme was created by General Meeting’s decision (Resolution no. 14 of the Ordinary General Meeting of the Company dated 16 May 2019, as amended ).
Under the Incentive Scheme participants, i.e.:
- persons employed in the Company or the Company’s subsidiaries, on the basis of an employment contract or any other legal basis, indicated by the Management Board of the Company after the receipt of the Supervisory Board’s consent, and
- members of the Supervisory Board indicated by the General Meeting) will be entitled to acquire shares of the Company (existing or newly issued).
Decision as to whether the Company will offer its own shares acquired by the Company from the Company’s shareholders (primary obligation of the Company) or will issue new shares (the so-called alternate authorization of the Company) belongs to the Company.
The Company has been caring out the Incentive Scheme through the issuance of new shares within the limits of the authorized capital of the Company (adopted by Resolution no. 25 of the Ordinary General Meeting of the Company dated 26 June 2020 to authorize the Management Board of the Company to increase the share capital of the Company within the limits of the authorized capital (as amended)). The Company plans to carry out the Incentive Scheme in the same manner.
The price of one share amounts to PLN 0.10 (in words: ten cents). The participants will be able to acquire (subscribe for) shares for the price equal to the nominal value of the shares. The number of shares of the Company which will be offered to a particular employee depends on a decision of the Management Board and the Supervisory Board which should be guided by the following criteria: the employee’s position, length of employment, assessment of the employee’s contribution to date and the significance of the employee’s position for the achievement of the Company’s goals.
The participants will enter into agreements for participation in the Incentive Scheme. The shares will be acquired in four equal tranches, falling on the first, second, third, and fourth anniversary of the execution of the agreement on participation in the Incentive Scheme. The right to subsequent tranches will be acquired on condition that an employee remains employed on the date of each anniversary of execution of the agreement on participation in the Incentive Scheme. In agreements for participation in the Incentive Scheme the participants undertake towards the Company not to transfer the acquired shares for one year from the date of the fulfilment of the condition entitling an employee to acquire the relevant tranche.