The Board of Directors in Avanza Bank Holding AB (publ) proposes a conditional offer to repurchase warrants issued in 2021 against payment in newly issued common shares or own shares repurchased by the company

At the AGM in Avanza held on 31 March 2021, it was resolved to issue warrants as part of the establishment of an incentive program for the employees within the Avanza-group, consisting of three sub-programs. Sub-program 2023/2026 expires during the fall of 2026 and includes a total of 1,200,000 warrants ("Warrants"), of which 923,912 have been transferred to employees in the Avanza-group ("Warrant Holders"). Warrants that have not been transferred have been cancelled.

The Board of Directors has decided to propose to the AGM that Avanza offers to repurchase all outstanding Warrants at a price equivalent to their market value. Payment for the Warrants is intended to be made in the form of newly issued shares (by way of set-off). The Board of Directors of Avanza has therefore resolved on a directed new issue of common shares to the Warrant Holders and proposes that the AGM resolves on the transfer of Avanza's repurchased own common shares to the Warrant Holders who have accepted the offer. The offer is, inter alia, conditional upon the AGM approving the Board of Directors' resolution on the new issue of common shares. The complete conditions for the new issuance of shares are presented in the notice to the AGM which has been published in accordance with the details outlined below.

Submission for participation in the offer may take place during three periods during the fall of 2026. The offer does not entail any changes of the terms for the Warrants.

The reason for the offer is to facilitate for the Warrant Holders to realise the value of the Warrants and increase their ownership in Avanza without having to finance the exercise price of the Warrants, e.g. by selling shares in Avanza on the market. For Avanza, the offer entails that the company will not receive any subscription proceeds from the Warrants. Furthermore, the dilution of share capital and voting rights in the company for existing shareholders will be reduced compared to if the Warrants were exercised under the current terms and conditions of the Warrants.

The repurchase offer will not have an impact on Avanza's equity.

Information on the proposal to be resolved

For more information on the board of directors' proposal, please refer to the notice convening the annual general meeting which was published today on Avanza's website, https://investors.avanza.se/en/corporate-governance/agm/annual-general-meeting-2026/.

For further information please contact:
Elias Nilsson, Head of Communications
+46 (0) 70 154 00 53
[email protected]

Karolina Johansson, Head of Investor Relations
+46 (0) 8 409 422 08
[email protected]

Avanza is a digital platform for savings and investments, founded in 1999. The Parent Company, Avanza Bank Holding AB (publ), is listed on the Stockholm Stock Exchange. Avanza’s customer promise is that you as a customer will have more left in your own pockets than with any other bank or pension company. Services include saving in shares, funds, savings accounts, mortgages, and a strong pension offering. Avanza has over 2.2 million customers with more than SEK 1,100 billion in total savings capital. This is equivalent to 8.3 per cent of the Swedish savings market. Avanza is the largest Swedish player in terms of number of transactions and turnover on the Stockholm Stock Exchange, including First North. During the last 16 years Avanza has won SKI’s (Swedish Quality Index) award, “Year’s Most Satisfied Savings Customers”. For more information visit: avanza.se/ir