Recticel, The passion for Comfort

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Warrants / Options

 On 29 September 2017 the outstanding stock option/warrant plans were as follows:

 

Issue

Number of warrants

 issued

(after adjustment for capital increase of 13 May 2015)

Number of warrants

not yet exercised

(adjusted for capital increase of 13 May 2015)

Exercise price

Exercise period

Dec 2006

357 993 357 993 EUR 8.09 01/Jan/10 - 21/Dec/17
May 2007 51 909 51 909 EUR 8.77 01/Jan/11 - 01/May/18
Dec 2007 465 390 465 390 EUR 8.20 01/Jan/11 - 02/Dec/18
Dec 2011 490 467 77 563 EUR 3.38 01/Jan/15 - 21/Dec/17
Dec 2012 359 067 165 272 EUR 4.15 01/Jan/16 - 19/Dec/18
April 2014 358 112 358 112 EUR 5.64 01/Jan/18 - 28/Apr/20
 Jun 2015 304 000  304 000  EUR 4.31 01/Jan/19 - 22/Jun/21 
April 2016 317 500 317 500 EUR 5.73 01/Jan/20- 29/Apr/25
Jun 2017 410 000 410 000 EUR 7.00 29/Jun/20 - 29/Jun/24
Total   2 507 739    

 

The following table provides a summary of the potential total dilution effect after exercise of warrants:

 

 (situation as per 29 September 2017) Number % actual % fully diluted
Ordinary shares (non diluted) 54 626 477 100.0% 95.61%
Outstanding non-exercised  warrants 2 507 739 - 4.39%
Total shares (fully diluted) 57 134 216 - 100.0%