The Management Board of IMS Spółka Akcyjna with its seat in Warsaw (the “Company”) informs that the Supervisory Board of the Company, by its resolution adopted today, in the framework of realization of the Incentive Scheme for 2021-2023 (hereinafter: “PM IV”), adopted by the Supervisory Board of the Company on 23 January 2021 and approved by the Extraordinary General Meeting of the Company on 2 March 2021, has granted a total of 1,200,000 (one million two hundred thousand) subscription warrants entitling to subscribe for the same number of ordinary bearer shares.
The warrants are taken up free of charge.
Incentive Scheme IV is addressed to the members of the Management Board of IMS S.A. and to the managers, employees and associates of the companies in the IMS Capital Group.
As part of this allocation (for achieving the goals in 2021), subscription warrants were granted to three Members of the Management Board of IMS S.A., three members of the Management Boards of subsidiaries belonging to the IMS Capital Group and forty-eight employees and associates of the IMS Capital Group. The Management Board Members of IMS S.A. jointly received 600,000 subscription warrants and the employees and associates of the IMS Group also received 600,000 subscription warrants. The right to subscribe for shares in the new series may be exercised no later than by 31 July 2022. The shares will be taken up by the entitled person after presenting the required documents and paying the issue price of PLN 0.51 per share (the issue price is equal to the arithmetic mean of the closing prices of IMS S.A. shares on the Warsaw Stock Exchange
Warsaw Stock Exchange in the period 01.04.2020-31.12.2020 taking into account an 80% discount). A person acquiring the shares of IMS S.A. as part of the Incentive Programme IV will be under an absolute obligation not to sell the acquired shares (lock-up) for 18 months from the date of acquiring the shares.
The aim of Incentive Programme IV is to create an additional, strong motivating tool to achieve very ambitious goals through such actions as the acquisition of highly valuable entities, generating high sales from the current products and services and acquiring new customers and new markets, which should have a significant effect on the price of IMS S.A. shares. The creation in the Company of significant incentives for the Members of the Management Board, managers, employees and associates of the IMS Group to create solutions that improve the financial results of the IMS Group, as well as the strong association of the best personnel with the companies of the IMS Group, should lead to the implementation of ambitious plans to rebuild the revenues and profits of the IMS Group after the coronavirus pandemic and, as a result, to an increase in the value of IMS S.A. shares.
The content of the Rules and Regulations of the Incentive Programme IV for 2021 – 2023 is published on the Company’s website (www.imssensory.com) in the ESPI report 9/2021 of 02.03.2021 (attachment to Resolution No. 7 of the Extraordinary General Meeting of 02.03.2021).
The cost of the share options granted, in accordance with IFRS 2, was recognised in the consolidated annual report for 2021.