Shares in Sinch AB (publ) are traded on the Main Market of Nasdaq Stockholm on the Mid Cap list under the trade symbol ‘SINCH’. As of December 31, 2018, the company had a total of 53,602,089 shares.
The company was formerly known as CLX Communications AB (publ) and traded under the trade symbol ‘CLX’. The shares have been listed on Nasdaq Stockholm since October 8, 2015.
On October 8, 2015, shares in CLX Communications AB were listed on Nasdaq Stockholm under the symbol ‘CLX’. After the IPO was completed, there were 32,432,430 shares in the company.
On July 11, 2016, CLX Communications AB acquired Mblox. In order to partially finance the acquisition of Mblox, an extraordinary general meeting held June 7, 2016, endorsed the Board of Directors’ proposal to issue a maximum of 16,216,215 new shares in a private placement to existing shareholders.
On December 20, 2016, CLX Communications AB acquired Sinch AB, whose name the company would eventually adopt. Part of the purchase consideration was paid through a non-cash issue of 885,797 shares.
On February 13, 2019, CLX Communications AB announced that the company will change its name to Sinch AB.
Within the framework of the incentive program adopted by the 2018 Annual General Meeting, 1,306,600 warrants have been subscribed for by senior executives and key employees within Sinch, including 500,000 warrants subscribed by CEO Oscar Werner. The program is divided into three series, with exercise periods of June 22 – September 22, 2021, March 22 – June 22, 2022 and 2023, respectively. All participants have been granted one third of their warrants in each series. The average fair value per warrant was SEK 8.03 at grant date. The exercise price is SEK 91.30 per share in all series.
Participants outside the US and the UK have paid a premium of SEK 8.03 per warrant, through which Sinch has realized SEK 8.8 million in equity. These participants received their warrants with no obligations, but Sinch has the right to repurchase the warrants id the participant’s employment with the company ends before the respective exercise point or if the participant wishes to transfer the warrants.