Reference is made to the stock exchange announcement on 27 August 2021 and 22 November 2021 regarding the implementation of a long-term incentive program for the Company’s executive management.
Under the program a total of 7,650,000 share options were granted. The first tranche of 2,550,000 share options were issued in 2021 with a strike price of NOK 9.00 per share (“Tranche 1”). The remaining tranches were to be issued on 1 June 2022 (“Tranche 2”) and 1 June 2023 (“Tranche 3”) with a strike price equal to the closing price of the Company’s shares on Oslo Børs on the last trading day prior to the respective issue dates + 15%.
Accordingly, a total of 2,550,000 Tranche 2 share options have today been issued with a strike price equal to NOK 10.06 per share, reflecting the closing price of the Company’s shares on Oslo Børs on 31 May 2022 + 15%. The strike price applies to the following options previously granted to the relevant primary insiders:
- Håkon André Berg (CEO): 1,000,000 options
- Trond Håkon Schaug-Pettersen (CFO): 800,000 options.
- Ingjarl Skarvøy (COO): 250,000 options.
- Kamilla Mordal Holo (CPO): 250,000 options.
- Odd Frode Roaldsnes (CCO): 250,000 options