Cloudberry Clean Energy ASA | Grant of warrants under the Company’s Equity Incentive Program
Oslo, Norway, 2 July 2021: Reference is made to the resolution made by the General Meeting on 17 June 2021 regarding the issuance of up to 5,500,0000 warrants under the Company’s equity incentive program. The Board of Directors has allocated 5.500.000 warrants to the Company’s employees, which have been subscribed by the relevant holders. Each warrant gives the holder a right to subscribe for one share in the Company at a strike price of NOK 12.50 per share. In accordance with the terms of the Company’s equity incentive plan, the warrants vest over a three-year period, with 1/3 annually.