Share-based Incentive Schemes

Next Games has six share-based incentive schemes: Equity Plan 2014, Equity Plan 2015, Equity Plan 2017, Equity Plan 2018, Equity Plan 2019 and Equity Plan 2020.

	Equity Plan 2014
Number of outstanding option rights as at 31 December 2018	32,433*
The number of shares each option right entitles to subscribe for	4*
Exercise price, EUR	0.01-1.97 per four shares*
Beginning of exercise period	Commenced
End of exercise period	31 December 2019

* The Board of Directors has on 9 March 2017 resolved, in accordance with the terms and conditions of Equity Plan 2014, to adjust the number of shares the option rights entitle to subscribe for and the exercise price in accordance with the share split resolved by the Board of Directors 23 February 2017, and such option rights thus entitle to subscribe for 446,924 shares in the aggregate.

	Equity Plan 2015
Number of outstanding option rights as at 31 December 2018	156,189*
The number of shares each option right entitles to subscribe for	4*
Exercise price, EUR	2.66–5.10 per four shares *
Beginning of exercise period	Commenced
End of exercise period	31 December 2021

* The Board of Directors has on 9 March 2017 resolved, in accordance with the terms and conditions of Equity Plan 2015, to adjust the number of shares the option rights entitle to subscribe for and the exercise price in accordance with the share split resolved by the Board of Directors 23 February 2017, and such option rights thus entitle to subscribe for 731,812 shares in the aggregate.

	Equity Plan 2017
Number of outstanding option rights as at 31 December 2018	307,369
The number of shares each option right entitles to subscribe for	1
Exercise price, EUR	1.14-7.90
Beginning of exercise period	Commenced
End of exercise period	31 December 2023

	Equity Plan 2018
The total number of option rights as at 31 December 2018	355,500
The number of shares each option right entitles to subscribe for	1
Exercise price, EUR	1.14-6.17
Beginning of exercise period	Commenced
End of exercise period	31 December 2023

More information about the share-based incentive schemes can be found from the Governance section on Next Games’ Annual Report 2018

	Equity Plan 2019
The total number of option rights as at 31 December 2019	925,000
The number of shares each option right entitles to subscribe for	1
Exercise price, EUR	0.85-1.35
Beginning of exercise period	Commenced
End of exercise period	December 31, 2024

	Equity Plan 2020
Number of outstanding option rights	1,500,000
The number of shares each option right entitles to subscribe for	1
Exercise price, EUR	Share closing price for 90 days preceding the grant date of each option right + 5% premium
Beginning of exercise period	Commenced
End of exercise period	December 31, 2027

Read more – Company Release, February 28, 2020- The Board of Directors of Next Games Corporation has adopted a new share-based incentive program