NPRO: SHARE OPTION CONTRACT WITH NEW CEO
Norwegian Property ASA has today entered into a share option contract with Bent Oustad, the company’s new CEO starting 1 January 2018. Bent Oustad is awarded options for a total of 5,750,000 shares in Norwegian Property ASA as follows: - The right to subscribe for 1,000,000 shares at the strike price of NOK 10.00 per share, and with the earliest date of exercise on 1 January 2019; - The right to subscribe for 1,250,000 shares at the strike price of NOK 11.50 per share, and with the earliest date of exercise on 1 January 2020; - The right to subscribe for 1,500,000