Pursuant to the Swedish Companies Act, the general meeting of the company shall adopt guidelines for remuneration to the group management team. The annual general meeting held on 30 April 2025 resolved to adopt guidelines for remuneration, which can be found on the link below.
Remuneration guidelines
On 7 April 2025, the board of directors resolved to award certain key employees so-called retention bonuses, in a total maximum amount of approximately SEK 44 million, as it was considered important for the company’s IPO that these employees remained with NOBA. The bonus was conditional upon, inter alia, that the employee remained employed by NOBA or any affiliated company during the entire period between the awarding of the bonus and the completion of NOBA’s IPO.
The bonuses will be paid out by NOBA to the employees in accordance with regulatory requirements on deferral, payment in financial instruments and subject to restrictions preventing the employees from disposing of the instruments for at least one year after receiving them, as applicable. Consequently, one part of the bonus amount has been paid out in cash, and one in the form of restricted stock units ("RSUs") which entitles the employee to, free of charge, receive shares in NOBA. The relevant employees will receive cash payments and RSUs once a year during the coming four years. The RSUs will vest one year after each allotment (thus ensuring that employees may not pledge, assign, sell or otherwise dispose of the financial instruments during one year after the ownership is transferred to them) and delivery of shares under the RSUs will be secured by way of 95,518 warrants (covering the initial delivery of shares) and a share swap arrangement with a third-party bank (covering the subsequent deliveries of shares).
As a result of the bonuses, NOBA expects to make payments of, in total, approximately SEK 17 million in the form of shares in NOBA. The total number of shares in NOBA that will be transferred to the relevant employees will be contingent upon the price of NOBA’s share at the time of each allocation of RSUs.