The Executive Board of DataWalk S.A., headquartered in Wrocław (the “Company”), announces that on January 10, 2025, the Supervisory Board of the Company approved a resolution of the Management Board regarding identifying Eligible Individuals to participate in the next tranche of the Incentive Program for Key Personnel of the Company, determining the number of Entitlements that may be granted to individual Participants of the Program within this tranche and defining the Vesting Conditions of the Entitlements.
Details regarding the implementation of the Incentive Program, including its objectives, rules for granting Entitlements, and the maximum number of Entitlements giving the right to subscribe for and/or acquire the Company’s shares, were disclosed by the Executive Board in current report No. 38/2022 dated August 31, 2022 and current report No. 49/2024 dated December 30, 2024 (concerning changes to the maximum number of Rights).
The total number of Entitlements in the next tranche amounts to 127,050. To date, 113 individuals have been nominated under the Program, and a total of 546,936 Entitlements have been granted (96% of the maximum number of 570,000 available under the entire Program).
The granting of Entitlements and the conclusion of Participation Agreements do not immediately result in the vesting or exercise of Entitlements. These actions will be possible only upon the cumulative fulfillment of the Program’s conditions, including: individual Vesting Conditions approved by a resolution of the Executive Board and the occurrence of a Sale Transaction, as detailed in Resolution No. 20 of the Ordinary General Meeting of the Company dated June 30, 2022 (non-vesting condition).
At later stages of the Program, additional Participants may be identified, and specific numbers of Entitlements may be granted to them, within the limit of 570,000 Company shares. The Company will announce such developments in separate communications.
In accordance with IFRS 2 “Share-based Payment,” the Company is required to value the granted Entitlements despite their conditional nature. As of the publication date of this report, the estimated valuation, based on the current valuation of the Company’s shares, is:
– PLN 7,864 thousand for the next tranche,
– PLN 33,855 thousand for all tranches combined.
The actual value of the Program depends on the fulfillment of vesting conditions by Participants, the occurrence of a Sale Transaction, which is currently considered a future and uncertain event and the value of the Company’s shares as determined in the Sales Transaction.
Information regarding the number of Participants, granted and vested Entitlements, and their valuation will be updated in the Company’s periodic reports in accordance with applicable regulations, including the International Financial Reporting Standards (IFRS 2).
