Stock option plans
Bioretec has established several share option programs as incentive plans for the company’s key personnel, members of the Board of Directors, members of the Scientific Advisory Board, and former shareholders of the subsidiary Bioretec GmbH in connection with its acquisition in 2019. The company has four open stock option programs: Stock option programs 2018-1, 2019-1, 2020-1 and 2023-1. The stock options given as incentives are issued free of charge. The shareholder's rights begin when the shares are registered in the Trade Register.
| ID | Number of options according to original option plan |
Share subscription price (EUR) |
Number of shares to be subscribed1 |
Subscription period | Number of remaining unexercised options2 |
Number of shares to be subscribed based on remaining unexercised options1 |
|---|---|---|---|---|---|---|
| 2018-1A | 8,500,000 | 1,50 | 566,666 | 1.1.2019-31.12.2026 | 8,125,000 | 541,667 |
| 2018-1B | 8,500,000 | 1,50 | 566,666 | 1.1.2020-31.12.2026 | 8,500,000 | 566,667 |
| 2018-1C | 1,500,000 | 2,25 | 100,000 | 1.1.2021-31.12.2026 | 1,500,000 | 100,000 |
| 2018-1D | 1,500,000 | 2,25 | 100,000 | 1.1.2022-31.12.2026 | 1,500,000 | 100,000 |
| 2019-1 | 36,444,250 | 0,15 | 2,429,616 | 20.3.2019-31.12.2029 | 18,444,250 | 1,229,616 |
| 2020-1A | 8,450,000 | 2,25 | 563,324 | 1.1.2022-31.12.2026 | 5,650,000 | 376,662 |
| 2020-1B | 9,150,000 | 3,00 | 609,998 | 1.1.2023-31.12.2026 | 5,300,000 | 353,332 |
| 2020-1C | 8,400,000 | 3,75 | 559,998 | 1.1.2024-31.12.2026 | 4,550,000 | 303,332 |
| 2023-1 | 1,000,000 | 2,84 | 1,000,000 | 21.10.2024-31.12.20293 | 1,000,000 | 1,000,000 |
| Total | 83,444,250 | 6,496,269 | 54,569,250 | 4,571,275 |
|
1) Option programs implemented prior to the reverse split in spring 2021. After the reverse split, 15 option rights entitle to subscribe one (1) new company share. 2) The remaining number of unexercised options has been deducted from the number of already registered share subscriptions. Additionally, those options which have remained unallocated from 1.1.2023 onwards have been deducted from the remaining options amount, as the board authorization concerning option program 2020-1 has ended on December 31, 2022. 3) As of October 21, 2024, 25% of the option rights given to the option right holder can be subscribed. As of November 30, 2024, shares can be subscribed monthly in monthly installments of 1/36th of the remaining 75% of the option rights given to the option right holder until December 31, 2029. |