Goodtech continues its share-based incentive program for senior executives in accordance with the resolution of the general meeting.

Reference is made to the guidelines for determining salaries and other remuneration for senior executives in Goodtech ASA ("Goodtech" or the "Company"), as approved at the annual general meeting on April 25, 2024 ("Executive Salary Guidelines"). In line with these guidelines, the board has decided to implement a share-based incentive program for senior executives in the Company ("Incentive Program").

The Incentive Program allows senior executives to invest in shares of the Company at market price, with sales restrictions applicable for a period of three years ("Restricted Shares"). Provided that the senior executive remains employed at the end of the restriction period, the Company may grant free shares to the executive ("Matching Shares"). The terms of the Incentive Program are further detailed in the Executive Salary Guidelines available at www.goodtech.no.

In this round of the Incentive Program, CFO Anders Engelsen has subscribed for a total of 56,306 Restricted Shares, with a total subscription amount of NOK 499 997,28. Based on the subscription of the Restricted Shares, the board, in accordance with the authorization granted by the general meeting on April 25, 2024, has decided to increase the Company's share capital by NOK 112,612 by issuing 56,306 new shares with a nominal value of NOK 2 each.

In connection with the implementation of the Incentive Program—and in line with the group's risk management policy—Goodtech ASA will reserve the remaining 125,074 of the group’s 885,701 own shares that are not already tied to incentive programs to ensure availability of Matching Shares in accordance with the program's terms. 

After the capital increase related to the implementation of the Incentive Program, Goodtech’s share capital will amount to NOK 59,202,362, distributed across 29,601,181 shares with a nominal value of NOK 2 per share, where each share carries one vote at the Company's general meeting.

For more information, please contact:

Margrethe Hauge, CEO Goodtech ASA
Mobile: +47 957 96 920
Email: margrethe.hauge@goodtech.no

Anders Engelsen, CFO
Mobile: +47 932 07 901 
Email: anders.engelsen@goodtech.no

This information is subject to disclosure requirements under Article 19 of the Market Abuse Regulation and Section 5-12 of the Norwegian Securities Trading Act and is subject to disclosure requirements pursuant to the EU Market Abuse Regulation.