Option Exercised IV
Phase Holographic Imaging (PHI) has two option programs, both with a final subscription date of October 24, 2017. The programs, directed to board members and advisors of the Company, were implemented as the Company was listed at AktieTorget. The options are market valued according to Black & Scholes. After recalculation with reference to equity issues, option program 2012 qualifies for subscription of 43 872 shares at 16.50 SEK per share (originally 40 000 shares at 18.12 SEK) per share and option program 2013 for subscription of 209 000 shares at 12.80 SEK per share (originally 190 000 shares at 14.00 SEK per share). The number of registered shares in PHI was 11 576 939 on June 30, 2017.
Board members Leland Foster and Bengt Falk have now requested to exercise their entire option holdings. Hereby Foster subscribes for 10 766 shares in option program 2012 and 44 000 shares in option program 2013. Falk subscribes for 22 000 shares in option program 2013. The 76 766 shares subscribed by Foster and Falk will increase the equity of PHI by 1 022 439 SEK. Foster finances his subscription and associated taxes by divesting some of his current holdings. Currently, Falk has no stock holdings in PHI.
Previously, Klas Cramborn (chairman of the board), Jan Richardsson (board member), Ron Lowy (advisor) and a former board member have exercised their entire option holdings.
The above information was made public pursuant to the EU Market Abuse Regulation.