OXE Marine AB (PUBL) convening notice for extraordinary general meeting

STOCKHOLM, June 13, 2021 /PRNewswire/ -- The board of directors of OXE Marine AB (publ) (the "Company") convenes an extraordinary general meeting on 28 June 2021 to resolve on an adjusted long-term incentive program for senior executives, replacing the warrant program resolved by the annual general meeting on 16 April 2021. The reason for the board of directors' new proposal is that the theoretical market value for the warrants issued at the annual general meeting, which was determined using the Black & Scholes valuation model, resulted in a significantly higher valuation than in previous incentive programs and that all participants therefore declined to acquire the warrants. Compared to the program resolved by the annual general meeting, the new program will result in a maximum dilution of approx. 1.5 percent (approx. 1 percent) and a price per option corresponding to the quota value of the underlying share. Except for a slightly revised allocation between participants, the terms are in other regards materially identical to the program resolved by the annual general meeting and incurs only insignificantly higher administrative costs for the Company. The board of directors' full proposal for the new incentive program is set out below. EXTRAORDINARY GENERAL MEETING IN OXE MARINE AB (PUBL)The shareholders in the Company are convened to an extraordinary general meeting of shareholders to be held on Monday 28 June 2021.In order to reduce the risk of spreading the coronavirus, the board of directors has resolved, in accordance with the act (2020:198) on temporary exceptions to facilitate the execution of general meetings in companies and other associations, that the general meeting shall be held without the physical presence of shareholders, proxies or any third parties, and that the shareholders' voting rights may only be exercised in advance by postal voting.Right to attend and notice
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