Hiddn Solutions ASA – Mandatory Notification of Trade
Reference is made to the stock exchange announcement from Hiddn Solutions ASA (the “Company”) on 16 November 2017 regarding a share option program in the Company and the board authorisation to issue shares in connection with options to employees and board members in the Company, granted by the Company’s annual general meeting on 22 June 2017.
The following primary insiders have been allocated share options in the Company:
Carl Espen Wollebekk, CEO, has been granted 1,500,000 options. Following the option grant, Carl Espen Wollebekk will hold 1,500,000 options and 4,350,000 shares (5.83%) in the Company (shares held indirectly through companies controlled by Carl Espen Wollebekk and closely related parties).
Jeanette Dyhre Kvisvik, board member, has been granted 60,000 options. Following the option grant, Jeanette Dyhre Kvisvik will hold 60,000 options and 0 shares in the Company.
Svein Yngvar Willassen, board member, has been granted 60,000 options. Following the option grant, Svein Yngvar Willassen will hold 60,000 options and 0 shares in the Company.
Each option gives the right to subscribe for 1 share in the Company at a strike price of NOK 2.00. The options vest each year at 1 July, with 1/3 for the CEO and 1/2 for the board members. For the board members, the options will expire upon vesting unless exercised.
This information is subject of the disclosure requirements pursuant to section 5-12 cf. 4-2 of the Norwegian Securities Trading Act.