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.
Option Plan 2026A
The board of Sunborn International decided on 13 May 2026, based on the authorisation given by the general meeting on 16 June 2025, to establish option plan 2026 to the Company’s key personnel and advisors, excluding the CEO of the company. The stock option plan is designated with the identifier 2026A. The stock options are granted free of charge.
A total maximum of 10,000,000 option rights are granted, which entitle the holder to subscribe for a total of up to 10,000,000 new shares in the company or own shares held by the company.
The subscription period for shares subscribed for with the option rights starts 12 months after the subscription of the option right and ends 36 months after the subscription of the option right.
The subscription price for shares subscribed for with the option rights shall be determined on the basis of the closing price of the Company’s share on the trading day preceding the grant date (the “Reference Price”). The option rights shall be divided into three tiers as follows:
33 per cent of the option rights shall entitle the holder to subscribe for shares at a subscription price equal to the Reference Price increased by 20 per cent;
33 per cent of the option rights shall entitle the holder to subscribe for shares at a subscription price equal to the Reference Price increased by 40 per cent; and
34 per cent of the option rights shall entitle the holder to subscribe for shares at a subscription price equal to the Reference Price increased by 80 per cent.
No option rights shall be granted at a discount to the market value of the Company’s share. The purpose of the arrangement is to align incentives with the development of the Company’s share price and the long-term creation of shareholder value.The subscription price of a share will be recorded in the Company's reserve for invested unrestricted equity.
The Board of Directors decides on the distribution of option rights to key personnel and advisors of the Group. The Board of Directors provides the recipients of option rights with a written notice of the offering of option rights. Option rights will be granted when the recipient has accepted the Board of Directors’ offer.