The strike price of the options are NOK 15.00 per share.The options will have 12 months waiting period, 36 months vesting period and 12 months exercise period. The options are granted in accordance with the Company's guidelines for remuneration to senior management approved by the Annual General Meeting on 20 May 2021.

The following primary insiders have been granted options:

Michael Akoh, has been granted 75,000 share options. Following this grant, he holds 275,000 share options and 7,660 shares.

Børge Sørvoll, CFO, was granted 50,000  share options. Following this grant, he holds 330,000 share options and 100,428 shares

Paul Blackburn, VP Sales, was granted 35,000  share options. Following this grant, he holds 35,000 share options and 0 shares

Jeremy Gillespie, VP Corporate Devleopment was granted 35,000  share options. Following this grant, he holds 35,000 share options and 0 shares

Ruth Hendus-Altenburger, PMO Manager, was granted 35,000  share options. Following this grant, she holds 35,000 share options and 0 shares

Olav Lanes, VP R&D and Application, was granted 35,000  share options. Following this grant, he holds 135,000 share options and 7,000 shares

Marit Sjo Lorentzen, VP Operations, was granted 35,000  share options. Following this grant, she holds 150,000 share options and 25,331 shares

Grethe Ytterstad, VP Quality, was granted 35,000  share options. Following this grant, she holds 35,000 share options and 7,269 shares

This information is subject to disclosure requirements set out in the Market Abuse Regulation EU 596/2014 Article 19 and the Norwegian Securities Trading Act Section 5-12.

This stock exchange announcement was published by Børge Sørvoll, CFO, on 18 December 2024 at 08.00 CET.

For more information, please contact:
Børge Sørvoll
CFO
+47 95290187
ir@arcticzymes.com