Grant of Options subject to shareholder approval – Mandatory notification of options and shareholding
The Board of Directors of Otello Corporation ASA (the "Company") has today granted a total of 3,450,000 options in the Company, representing approximately 2.5% of the current total number of shares issued (the "Options"). The Options are granted subject to subsequent shareholder approval at the next general meeting and at the latest at the ordinary general meeting to be held in 2021. Upon grant of the Options, all previously granted and outstanding options of the grantees as set out below have terminated and have become null and void. If the required shareholder approval is not given, all