Logistics real estate firm SLP (Swedish Logistic Property) has announced that a further 657,070 warrants have been exercised to subscribe for an equivalent number of shares at a strike price of SEK 35.22 per share, according to a press release.

The company will receive SEK 23.1 million before transaction costs. Combined with the exercise announced on May 25, a total of 1.91 million warrants have now been exercised, representing 100 percent of the total number of warrants acquired.

The warrants were issued in 2023 as part of an incentive program targeting senior executives and other employees within the company.