Automatic exercise of options – Mandatory notification of trade
Reference is made to the announcement on November 1, 2020 where the Board of Directors of Otello Corporation ASA (the "Company") granted a total of 3,450,000 options in the Company (the "Options"), which replaced existing option and incentive programs. The Options were granted with a strike price of 18.99kr based on volume weighed averaged trading price of the Company's shares 5 trading days after the date of grant. As noted in the grant letter and stock announcement, a market standard change of control provision applied. Due to the successful IPO of Bemobi in Brazil and the completion