Kurs & Likviditet
Beskrivning
Land | Norge |
---|---|
Lista | OB Match |
Sektor | Informationsteknik |
Industri | Kommunikation |
2019-11-14 20:14:58
Oslo, 14 November 2019 - On the basis of the approval by the Annual General Meeting of 10 May, 2019 to authorize the Board of Directors of Infront ASA to issue new shares to management under a long-term incentive program, the Board has resolved to issue options to a selection of management in the Company. A total of 1 519 236 options for shares of the Company were distributed amongst the management. Each option, when exercised, will give the right to acquire one share in the Company. The options are granted without consideration. Pursuant to the vesting schedule, 1/3 of the options will vest annually after the day of grant (as long as the option holder is still engaged by the Company). The exercise price is equal to NOK 19.40 per share, equal to the theoretical share price exclusive of the subscription rights (“TERP”)based on the Company's closing share price on the Oslo Stock Exchange of NOK 23.00 on Friday 31 May, 2019. Any options not exercised by the 5th anniversary of the grant will be void. Primary insiders in Infront ASA have received the following options grants, according to the terms described above: Chief Executive Officer, Kristian Nesbak has been granted 150 000 share options. Following the grant, he holds 5 340 000 shares through Nesbak AS, a wholly owned holding company, and 150 000 options in the Company. Chief Financial Officer, Max Hofer has been granted 472 408 share options. Following the grant, he holds 166 666 shares through FLKX Capital AS, a wholly owned holding company, and 859 755 options in the Company. Chief Innovation Officer, Morten Lindeman has been granted 150 000 share options. Following the grant, he holds 6 000 000 shares through Lindeman AS, a wholly owned holding company, and 150 000 options in the Company. CFO (vwd Group GmbH), Christian Mieth has been granted 100 000 share options. Following the grant, he holds 0 shares and 100 000 options in the Company. CPO (vwd Group GmbH), Björn Döhrer has been granted 200 000 share options. Following the grant, he holds 0 shares and 200 000 options in the Company. CRO (vwd Group GmbH), Udo Kersting has been granted 100 000 share options. Following the grant, he holds 0 shares and 100 000 options in the Company. Head of Sales, Joachim Rosli has been granted 46 707 share options. Following the grant, he holds 16 666 shares and 150 000 options in the Company. Adjustment to 2018 long-term incentive program: The exercise price of options awarded on June 27, 2018 is adjusted to NOK 23.53, reflecting the fair value adjustment for the theoretical value of 2/3 subscription rights per share based on the Company's closing share price on the Oslo Stock Exchange of NOK 23.00 on Friday 31 May, 2019. The share option program and properties of the options are described in note 7 in Infront’s annual financial statements for 2018. For more information, please contact: Max Hofer CFO Infront ASA E-Mail: max.hofer@infrontfinance.com Phone: +47 971 48 953 This information is subject to the disclosure requirements pursuant to section 5-12 and 4-2 of the Norwegian Securities Trading Act.