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