Note G27 Related party transactions Long-Term Incentive Plan (LTIP) On 29 April, 2022, the Annual General Meeting resolved to issue warrants of Series 2022/2025 to the Company and to managers and certain other employees with key competences in the Group participating in the warrant programme. This is the second long-term incentive program and the Board intends to make a corresponding proposal at the 2023 AGM for the establishment of a warrant program for 2023/2026. For more information read G8 for more information. During 2022, 174,000 warrants were subscribed by related parties in the management team. For further information regarding this and previous long- term incentive programs, see not G8. Agreement with Svensk Fastighetsförmedling AB (“Svensk Fastighetsförmedling”) regarding mediation of Hemnets advertising services Hemnet has entered into an agreement with Svensk Fastighetsförmedling regarding mediation and coordination of display and native campaigns.
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Note G28 Events after the reporting period
The company has entered into an agreement for new premises for the head office in Stockholm from 1 January 2023. This increases the right-to-use assets and leasing liabilities by SEK 56.5 million as per 1 January 2023. On 27 January 2023 the Board decided to update Hemnets profitability target from the current medium-term adjusted EBITDA margin target of 45-50 percent to a long-term adjusted EBITDA margin target of over 55 percent.
On 31 January, 2023, Hemnet’s previous majority shareholder, General Atlantic, divested its shares in Hemnet.
Hemnet continued the share repurchase program in 2023 and repurchased an additional 487,745 shares for a total of SEK 76 million during the period from 1 January, 2023 to 15 March, 2023.
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66 · Hemnet Group | Annual and sustainability report 2022
Financial statements
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