OKEA ASA – The board of directors resolves issuance of shares pursuant to long-term retention incentive programs - notifiable trading
On 24 April 2020, the General Meeting in OKEA ASA ("OKEA" or the "company") granted an authorisation to the board of directors to issue up to 1,025,025 new shares for the implementation of the company's incentive programs. Pursuant to this authorisation, the board has today resolved to issue a total of 502,700 shares under the long-term retention incentive program to key employees. The shares will be subject to a 12-month lock-up period, with an exemption for sales necessary to cover any directly related tax liabilities limited to up to 50% of the shares allocated. The subscription price