Cxense ASA – Share option grant

Report this content

Cxense ASA (the “Company”) has granted in aggregate 110,000 share options in the Company, each with an exercise price of NOK 7.90. The grant is made to the following members of management also being primary insiders in the Company:

Jørgen Evjen, CFO, has been granted 60,000 options. Following the grant, Mr. Evjen holds 71,428 shares through his wholly owned company Kanoka Invest AS and 60,000 options in the Company.

Greger Wedel, CTO, has been granted 50,000 options. Following the grant, Mr. Wedel holds 0 shares and 50,000 options in the Company.

The share option grant is made under the Company’s current share option incentive program as approved by the Company’s annual general meeting on 9 May 2018. The options will vest over 4 years by 25% on each anniversary from the date of the grant. Each vested option gives the right to acquire 1 (one) share in the Company at the exercise price. The share options expire on the anniversary following 5 years of the date of the grant, after which the options will lapse and be of no value.

Following the grant, there will be a total of 753.450 share options and subscription rights outstanding in the Company. The Company’s registered share capital is NOK 109,732,595 divided on 21,946,519 shares, each with a nominal value of NOK 5.

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.