Lifecare Employee Share Purchase Program – Subscriptions by Primary Insiders - Increase of share capital
2022-07-15 13:35:25
Bergen, Norway 15.7.22 Reference is made to Stock Exchange Announcement 23 May 2022 regarding the establishment of Lifecare Group incentive program. All employees in the Lifecare Group have been invited to participate in Lifecares Employee Share Purchase Program 2022 and individually subscribe for up to 20 000 shares with a 25% discount off the volume weighted average share price (VWAP) calculated 10 days prior to end of the subscription period (30 June 2022). 9 employees in the Lifecare Group have accepted to participate and subscribed for in total 124 719 shares, of which the primary insiders Joacim Holter (Lifecare CEO) and Prof. Andreas Pfützner (Lifecare CSO) both have subscribed for the maximum offering of 20 000 shares. The price per share under Lifecares Employee Share Purchase Program 2022 has been calculated to NOK 3,22962, taking the VWAP and discount into consideration. All shares under the Lifecare Employee Share Purchase Program 2022 have a lock up period of 12 months. Based on board authorization granted by the General Meeting of Lifecare 6 May 2022, Lifecares’ Board of Directors passed a resolution to issue 124 719 shares for an aggregated subscription price of NOK 402 794,98, corresponding to a price per share of NOK 3,22962. Following the issuance of the new shares, the Company will have 99 865 742 shares outstanding, each with a nominal value of NOK 0,40. The total share capital of the Company will be NOK 39 946 296,20. The Company’s Articles of Associations will be updated accordingly. The share issuance is expected to be completed by 15. August 2021. Further information Joacim Holter, CEO, Lifecare AS, joacim.holter@lifecare.no, +47 40 05 90 40 This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. This stock exchange announcement was published by Joacim Holter, CEO at Lifecare AS, on 15.7.2022 at 13:35 CET.