oPtion plans

The ownership structure of the company consists of the company’s issued shares and share capital, in addition to which the company has issued option rights entitling their holders to subscribe for the company’s shares in accordance with the terms of the option plans. The company has four option plans.

Option Plans 2023A and 2023B

The board of Rush Factory decided on 28 April 2023, based on the authorisation given by the general meeting on 11 April 2022, to establish two option plans: option plan 2023A and option plan 2023B. The purpose of these option plans was to engage and incentivise individuals who are in an employment, service, or commission relationship with the company.

In option plan 2023A, the company granted up to 131,000 option rights, which entitle the holder to subscribe for a total of up to 131,000 new shares of the company. The board determines the subscription period for the option rights for each recipient. The share subscription period starts immediately upon subscription of the option right and ends 60 months after the subscription of the option right. Option rights for which the share subscription period has not started cannot be transferred to a third party or pledged, nor can they be used to subscribe for shares. The option rights are freely transferable and pledgeable once the share subscription period for them has begun. If the recipient's employment, service, or commission relationship with the company or its group company ends before the start of the share subscription period for reasons other than retirement, permanent disability, or death, the recipient is obliged to return to the company or its designated third party, without compensation, those option rights for which the share subscription period has not started at the time of termination of the employment, service, or commission relationship. The subscription price for shares with the option right is EUR 0.97 per share.

In option plan 2023B, the company grants up to 19,000 option rights, which entitle the holder to subscribe for a total of up to 19,000 new shares of the company. The board determines the subscription period for the option rights for each recipient. The share subscription period starts 12 months after the subscription of the option right and ends 60 months after the subscription of the option right. Option rights for which the share subscription period has not started cannot be transferred to a third party or pledged, nor can they be used to subscribe for shares. The option rights are freely transferable and pledgeable once the share subscription period for them has begun. If the recipient's employment, service, or commission relationship with the company or its group company ends before the start of the share subscription period for reasons other than retirement, permanent disability, or death, the recipient is obliged to return to the company or its designated third party, without compensation, those option rights for which the share subscription period has not started at the time of termination of the employment, service, or commission relationship. The subscription price for shares with the option right is EUR 0.97 per share.

Option Plans 2024A and 2024B

The board of Rush Factory decided on 1 March 2024, based on the authorization given by the general meeting on 18 April 2023, to establish two option plans: option plan 2024A and option plan 2024B. The purpose of these option programs was to engage and incentivise individuals who are in an employment, service, or commission relationship with the company.

In option plan 2024A, the company grants up to 200,000 option rights, which entitle the holder to subscribe for a total of up to 200,000 new shares of the company. The board determines the subscription period for the option rights for each recipient. The share subscription period starts immediately upon subscription of the option right and ends 60 months after the subscription of the option right. Option rights for which the share subscription period has not started cannot be transferred to a third party or pledged, nor can they be used to subscribe for shares. The option rights are freely transferable and pledgeable once the share subscription period for them has begun. If the recipient's employment, service, or commission relationship with the company or its group company ends before the start of the share subscription period for reasons other than retirement, permanent disability, or death, the recipient is obliged to return to the company or its designated third party, without compensation, those option rights for which the share subscription period has not started at the time of termination of the employment, service, or commission relationship. The subscription price for shares with the option right is EUR 0.29 per share.

In option plan 2024B, the company grants up to 36,079 option rights, which entitle the holder to subscribe for a total of up to 36,079 new shares of the company. The board determines the subscription period for the option rights for each recipient. The share subscription period starts 12 months after the subscription of the option right and ends 60 months after the subscription of the option right. Option rights for which the share subscription period has not started cannot be transferred to a third party or pledged, nor can they be used to subscribe for shares. The option rights are freely transferable and pledgeable once the share subscription period for them has begun. If the recipient's employment, service, or commission relationship with the company or its group company ends before the start of the share subscription period for reasons other than retirement, permanent disability, or death, the recipient is obliged to return to the company or its designated third party, without compensation, those option rights for which the share subscription period has not started at the time of termination of the employment, service, or commission relationship. The subscription price for shares with the option right is EUR 0.29 per share.