Tethys Oil has an incentive program as part of the remuneration package to employees. Warrants have been issued annually since 2015, following a decision by the respective AGM. In the third quarter 2022 160,000 new warrants were issued. In October 2022 the exercise period for the 2019 incentive programme expired without any warrants having been exercised.
| Number of warrants | ||||||||
| Warrant incentive programme | Exercise period | Subscription price, SEK | Shares per warrant | 1 Jan 2022 | Issued 2022 | Exercised 2022 | Expired 2022 | 31 Dec 2022 |
| 2019 | 1 Jun – 7 Oct 2022 | 64.90 | 1.21 | 350,000 | – | – | 350,000 | – |
| 2020 | 13 Jun – 6 Oct 2023 | 48.20 | 1.12 | 350,000 | – | – | – | 350,000 |
| 2021 | 12 Jun – 4 Oct 2024 | 70.80 | 1.07 | 200,000 | – | – | – | 200,000 |
| 2022 | 11 Jun – 6 Oct 2025 | 99.50 | 1.00 | – | 160,000 | – | – | 160,000 |
| Total | 900,000 | 160,000 | – | 350,000 | 710,000 | |||