Pexip - increase of share capital following exercise of employee share options
Oslo, May 25, 2021: Following vesting and exercise of previously issued employee options, the Board of Directors of Pexip Holding ASA ("Pexip" or the "Company", Oslo Børs ticker "PEXIP", LEI 549300S79JFZK79XBI07) has today resolved, based on authorization granted by the Company's general meeting held on May 20, 2021, to issue 612,288 new shares for an aggregate subscription price of NOK 16,454,267.30. The shares have been subscribed for by various employee option holders. Following the issuance of the new shares, Pexip will have 104,429,671 shares outstanding, each with a nominal value of NOK 0.015.
The following persons discharging managerial responsibility participated in the exercise:
Odd Sverre Østlie (CEO) has subscribed for 50,000 shares at an average subscription price of NOK 14.50 per share. Prior to the exercise he and Muzungu Invest AS, which is controlled by Mr. Østlie held 361,729 shares, and after the exercise, Mr. Østlie will hold 411,729 shares and rights to 110,000 shares through himself and Muzungu Invest AS.
Øystein Hem (CFO) has subscribed for 25,000 shares at a subscription price of NOK 31.18 per share. Prior to the exercise he held 66,068 shares, and after the exercise, Mr. Hem will hold 91,068 shares and rights to 127,500 shares.
Giles Chamberlin (CTO) has subscribed for 180,000 shares at a subscription price per share of NOK 38.00. Prior to the exercise he held 1,427,994 shares, and rights to 240,000 shares.
Ingrid Woodhouse (Chief People Officer) has subscribed for 14,375 shares at an average subscription price per share of NOK 29.22 per share. Prior to the exercise she held 7,500 shares and rights to 50,000 shares.
John Harald Grønningen (President EMEA) has subscribed for 7,500 shares at an average subscription price per share of NOK 14.50. Prior to the event he held 334,438 shares and after the exercise, Mr. Grønningen will hold 341,938 shares and rights to 67,500 shares.
Pexip has arranged for the opportunity for employees to finance the strike amount by a sale of some of the shares through a third party. Mr. Chamberlin and Ms. Woodhouse has chosen to participate in this financing option. The sales amount and the net number of shares obtained will be finally determined on the basis of the price subsequently obtained in the market. The results of the sales process will be announced in a separate stock exchange notice.
The information included in this announcement is such that the Company is required to disclose in accordance with the EU Market Abuse Regulation (MAR) and is publicly disclosed in accordance with MAR article 17 and section 5-12 of the Norwegian Securities Trading Act. The announcement is made by the contact person.
For further information, please contact:
Mirza Koristovic, Director Investor Relations, IR@pexip.com, +47 93 87 05 25