Bulletin from the annual general meeting of Hoylu AB (publ) on 26 June 2023 - Seite 2

The allotment of warrants will partly be conditional upon participants, who previously received warrants in Employee Option Program 2019, Incentive Program 2020/2023A, Incentive Program 2021/2025 and/or Incentive Program 2022/2025 (the "Previous Incentive Programs"), surrender their rights under the Previous Incentive Programs. In this part, allotment will be made in a 1:1 ratio (or if the reverse share split has been registered to a 1:20 ratio), which means that each holder will be offered one (1) new warrant in Incentive Programme 2023/2027, for each warrant that is waived in the previous warrant programmes. For the avoidance of doubt, holders of warrants under the Previous Incentive Programmes who are no longer active consultants or employees of the Company or its subsidiaries will not be included in this offer. In addition to what is stated above, and provided that the warrants under Incentive Programme 2023/2027 are registered with the Swedish Companies Registration Office, the board of directors intends to cancel all warrants that are waived under the Previous Incentive Programmes.

In order to enable the Company's delivery of shares under Incentive Programme 2023/2027 and secure related costs, the annual general meeting resolved on a directed issue of a maximum of 74,000,000 warrants (corresponding to 3,700,000 warrants after registration of the reverse share split) to the Company and approval of transfer of warrants from the Company to the participants.        
Upon full exercise of the warrants, a maximum of 74,000,000 warrants (corresponding to 3,700,000 warrants after registration of the reverse share split) may be issued, which corresponds to a dilution of approximately 6.99 per cent of the total number of shares and votes in the Company.

Resolution to authorise the board to resolve on issue of shares, convertibles and/or warrants

The Meeting resolved to authorise the Board of Directors to decide on the issue of shares, convertibles and/or warrants to the extent permitted from time to time under the limits of the articles of association.

For more information, please contact:

Truls Baklid, CEO Hoylu + 47 924 38 900 Email: [e-mail]
Karl Wiersholm, CFO Hoylu + 1 425 829 2316 Email: [e-mail]

About Hoylu

Hoylu’s visual collaboration technology empowers distributed teams to translate ideas into actions. Large enterprises as well as small and medium companies rely on Hoylu to run projects, programs, and initiatives across time zones and continents as seamlessly as when working in the same room.

For more information: www.hoylu.com

Ticker symbol: Hoylu
Marketplace: Nasdaq First North Growth Stockholm
Certified Adviser: Mangold Fondkommission AB [phone]; [e-mail]

Publication

The information was submitted for publication, through the agency of the contact persons set out above, at 2:15 PM CEST on June 26, 2023.