Company Announcement No. 7-2023
*Contains Inside Information*
The board of directors of Trophy Games Development A/S (the "Company") has approved a new warrant program and issued warrants to CFO
The program aims to maintain the employment of professional and valuable resources in the Company and incentivize them to make a special effort to create value. The board of directors has used the authorization in section 3.4 of the Company's articles of association, granted at the annual general meeting as announced in company announcement no. 3-2023, to issue 372,600 warrants, which, in accordance with the terms of the warrant program, provide the holders with the right to subscribe for up to 372,600 shares in the Company at a nominal value of
The warrants are granted as a one-time grant and will vest annually over a three-year period from the grant date. Warrants can be exercised at a strike price of
If fully vested and exercised, the issued warrants will increase the Company's share pool by 1.35 % from 27,600,000 shares to 27,972,600 shares and increase the Company's share capital from nominally
The full terms and conditions of the warrant program are attached to the Company's articles of association as Appendix 1.
The key assumptions for the calculation are:
** Theoretical market value of a warrant granted: DKK 1.2018 calculated using the Black-Scholes model.
** Share price:
** Exercise price:
** Duration: 3 years 5 months
** Volatility: 50.00 %
** Interest rate: 2.93 %
Contact Information
TROPHY GAMES Development A/S
Søren Gleie, CEO
Office (+45) 7172 7573
Email: soren@trophy-games.com
Mikkel Bryggers Gade 4, 2. sal, 1460 Copenhagen K,
Certified Adviser
Norden CEF
Email: jn@nordencef.dk
A/S Kongevejen 365, 2840 Holte,
About Trophy Games
Trophy Games is an innovative,
https://news.cision.com/trophy-games/r/trophy-games-development-a-s-issues-warrants-to-management-and-employees,c3855547
https://mb.cision.com/Main/20400/3855547/2365352.pdf
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