Nel ASA: Issue of shares pursuant to exercise of employee share options
(Oslo, 18 May 2020) Reference is made to announcement from Nel ASA (the "Company") on 18 May 2020, where it was announced that Jon André Løkke, CEO of Nel ASA, had exercised 6,000,000 options at a strike price of NOK 3 per share. Following this exercise, the board of directors has, in accordance with the authorization granted by the general meeting on 13 May 2020, resolved to issue the 6 million shares. Upon registration of the new shares, the Company's share capital will be NOK 266,186,956.60, divided into 1,330,934,783 shares with par value NOK 0.2. For further information, please