Nel ASA: Exercise of options
(Oslo, 18 May 2020) Jon André Løkke, the CEO of Nel ASA (the “Company” or “Nel”), has on 18 May 2020 exercised 6,000,000 options in the Company at a strike price of NOK 3.00 per share, representing all his share options in the Company. Mr. Løkke intends to retain shares representing the majority of the net exposure after tax from the option exercise. The share options, which were granted in December 2015 when Mr. Løkke was appointed CEO of the Company, are further described in the Company's annual report 2019 (note 6). For further information, please contact: Kjell Christian