Doro currently has no outstanding warrant programme.
Warrant program 2014-2017
The Extraordinary General Meeting on August 21, 2014 adopted a resolution to effect a directed issue of warrants to senior executives and key employees in the Doro group. Each warrant entitled the holder to subscribe for one share at a pre-determined price of SEK 42.00 in the period May 22, 2017 to June 21, 2017.
The warrant price of SEK 1.26 is calculated according to the Black & Scholes model, taking into consideration estimated dividend and a share price of SEK 31.10, volatility of 30%, risk-free interest of 0.31% and a duration of 2.78 years (Sep 12, 2014-Jun 21, 2017). Doro issued a total of 841.000 warrants.
Further detailes about the warrant programme is available in the documents related to the EGM 2014.
For information related to excercise of the warrants, see press releases published May 22, 2017 and July 3, 2017.