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2019-12-12 08:59:47
Oslo, 12 December 2019 Reference is made to the annual general meeting held on 10 May 2019 where a resolution to grant an authorization for a share issue in connection with an employee share purchase program (ESPP) was resolved. Infront ASA is pleased to announce that it has decided to conduct a share issue towards company employees that have subscribed for shares in the ESPP. Under the terms of the ESPP, all employees have been given the opportunity to subscribe for shares up to a maximum amount of NOK 50 000. The Company has decided to award a 20% discount to the volume weighted average price between 05 December and 11 December, resulting in a subscription price of NOK 20.065 per share. A total of 101 862 shares will be issued raising proceeds of NOK 2 043 819. The following primary insiders have purchased Infront ASA shares: Tor-Eivind Rugseth, Group Finance Manager, purchased 1 495 shares. After the transaction he holds 1 495 shares. Jens Althoff, Head of Controlling, purchased 1 993 shares. After the transaction he holds 1 993 shares. Joachim Rosli, Head of Controlling, purchased 2 491 shares. After the transaction he holds 19 157 shares and 150 000 options in the Company. Max Hofer, Chief Financial Officer, purchased 2 491 shares. After the transaction he holds 2 491 shares and 859 755 options in the Company. Furthermore, he holds 166 666 shares through FLKX Capital AS, a wholly owned holding company, Following the completion of the offering and the issue of the New Shares, Infront ASA’s share capital will increase by NOK 10 186.20 to NOK 4 343 162.2 comprising 43 431 622 shares with a nominal value of NOK 0.10 per share. For further information, please contact: Max Hofer CFO, Infront ASA E-mail: hofer@infrontfinance.com Cell Phone: +47 971 48 953