Sivers Semiconductors shareholders approved a transition to EY as auditor and greenlit a 7.28 million share incentive program to support global employee retention.
Sivers Semiconductors held an extraordinary general meeting on October 22, 2026, where shareholders approved a change of auditor from Deloitte to EY. Additionally, the company introduced a new long-term incentive program (P11) involving up to 7,280,000 stock options, representing approximately 2% dilution, alongside authorizations for the board to issue and repurchase series C shares to facilitate the program's execution.
It is designed to incentivize employees across the group's international locations by granting options to acquire shares, aligning employee interests with long-term shareholder value.
The strike price is set at 110 percent of the volume-weighted average share price on Nasdaq Stockholm during the five trading days preceding the grant date.
The series C shares are intended to be used as a technical vehicle to ensure the delivery of shares to participants in the incentive program and to cover related social security costs.
Sivers Semiconductors held an extraordinary general meeting on October 22, 2026, approving the appointment of Ernst & Young as its new auditor, replacing Deloitte. Shareholders also authorized a new long-term incentive program, P11, which grants up to 7.28 million options to global employees, representing approximately 2% dilution of the company's total shares.
The P11 program is designed to incentivize employees across the company's global operations in the US, Scotland, Sweden, India, and China.
The board has been authorized to issue Series C shares, which will be converted into common shares to ensure delivery to participants and cover associated social security costs.