Issuance of stock options to key employees
Based on the authorization granted by the AGM held on April 25, 2018, the Board of Directors of Nixu Corporation has decided on March 27, 2019 to issue stock options to be offered selected key personnel of Nixu Group on the enclosed terms and conditions. There are also set performance criteria for the options, that include employee satisfaction, customer satisfaction and the growth rate of the company.
There is a weighty financial ground for the Company for the issuance of the stock options since the stock options are intended to form part of the incentive and commitment program of the key persons and to motivate the key personnel to work on a long-term basis to increase the shareholder value of the company in accordance with the growth strategy.
The maximum number of shares 345,000 which may be subscribed with the stock options is approximately 4.5 per cent of the company’s shares on a fully diluted basis and will be divided in three rounds of allocations.