We have completed the implementation of the first stage of NanoGroup S.A.’s incentive program. The program covers the years 2023-2025 and is based on the Employee Stock Option Plan (ESOP) model. The goals of the program are to engage and reward the entire team, from executives to specialists, over the long term.

Who does the incentive program cover?

The program covers all employees of the company who were employed on a permanent contract throughout the year, from the beginning to the end of the reference period including the Board of Directors and the Chairman of the Supervisory Board. The scale of the program’s coverage reflects a philosophy in which success is the result of the collective effort and commitment of each team member.

What influenced the allocation of shares?

The allocation of shares was directly linked to the achievement of operational goals, which were defined individually for each employee and team. These include both R&D and administrative/business milestones. This success is due, among other things, to the achievements of the past two years, the most important of which are:

1. Timely completion of all stages of the NanOX system development project, confirming the ability to carry out complex biotechnology projects.
2. Obtaining a grant from the FENG program for the NanOX 4 Kidney project in the amount of PLN 22.8 million. This is one of the few such high grants for human biotechnology companies. The value of the grant secures funds for the project up to the certification stage.
3. To attract new investors and sustainably secure financing for the company’s operations and strengthen its market position.
4. Title of “Strongest Company of the Year 2024” according to Comparic.co.uk – thanks to an impressive 350% price increase last year.

 

What is the implementation mechanism?

As part of the program, on July 10, 2024, NanoGroup’s Board of Directors passed a resolution to increase its share capital and offer employees a 655,575 series K shares with a nominal value of PLN 1.00 each. From this pool, employees took up as much as 98,95%, contributing to the company a total amount of 648,675 PLN.

Shares offered to employees are subject to restrictions on sale (lock-up), under which 1/3 of the shares are locked up for 12 months and another 1/3 for 24 months.

The fact of the widespread acquisition of NanoGroup shares by employees, despite the need to pay for them and the lock-up mechanism, indicates the internal faith of the entire team for the direction of the company. The employees’ investment in the company’s shares, combined with the adoption of long-term restrictions on their sale, is the best testimony to their faith in NanoGroup’s growth prospects. This decision shows that the direction the company is heading is fully supported by the team.

NanoGroup’s management thanks its employees and investors for the trust they have shown in us, which drives our operations.

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