Odd Molly International AB (publ)
Stockholm, Sweden, February 24, 2016An Extraordinary General Meeting of the shareholders of Odd Molly International AB (publ) today resolved to adopt an incentive program for Odd Molly’s Chief Executive Officer and Vice President in accordance with the proposal previously announced by the Board of Directors.
The general meeting resolved to issue 300,000 warrants, each of which entitles the holder to subscribe for one (1) new share in Odd Molly International AB. The subscription price will correspond to 120 percent of the share’s average last price paid on Nasdaq Stockholm during the period February 10, 2016 through February 23, 2016. The warrants will be acquired at current market price by Odd Molly’s CEO, Anna Attemark (not more than 150,000 warrants), and Vice President & Category Manager, Jennie Högstedt Björk (not more than 150,000 warrants). Each warrant gives the holder the right to subscribe for one new share in Odd Molly during the period January 1, 2019 through January 31, 2019.
If the warrants are fully exercised, Odd Molly’s share capital will increase by not more than SEK 30,000, corresponding to a dilution of approximately 4.96 percent of the total number of shares and votes in the Company if none of the warrants issued in 2014 are exercised to subscribe for shares in the Company.For further information, please contact:
Patrik Tillman, Chairman of the Board, phone: +46 733 50 61 20
Anna Attemark, CEO of Odd Molly, phone: +46 8 522 285 02
About Odd Molly
Odd Molly is a Swedish company that designs, markets and sells distinctive fashion. The company’s products are mainly sold through agents to retailers in around thirty countries around the world, which facilitates expansion with limited capital requirements. Odd Molly is responsible for selling to external retailers in the Scandinavian market and also manages 12 of its own physical stores and its own web shop. The Odd Molly share is traded as of June 21, 2010 on Nasdaq Stockholm.
The information in this press release has been published by Odd Molly International AB on February 24, 2016 at 5.00 pm CET in accordance with the Securities Market Act and/or the Financial Instruments Trading Act.
Odd Molly International AB
SE-111 27 STOCKHOLM
Phone: +46 8 522 28 500
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