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Photocure ASA - Allotted Share Options

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Oslo, Norway, May 13, 2011

The Board of Directors decided a conditional allotment of 750,000 share options for 2011. The subscription rights can only be exercised if certain goals for 2011 are achieved. Strike price for the options is NOK 50.75 per share. Of these subscription rights, the following amount was allotted to the management team:

  • Kjetil Hestdal, President and CEO: 50,000
  • Kathleen Deardorff, COO: 75,000
  • Christian Fekete, CFO:30,000
  • Inger Ferner Heglund, VP R&D: 30,000
  • Grete Hogstad, VP Marketing and Sales: 30,000
  • Gry Stensrud, VP Technical Development and Operations: 30,000

Photocure has a total of 1.054.957 options outstanding as of May 13, 2011.

 

For further information, contact:                                                  

Christian Fekete (CFO)

Email: cf@photocure.no

Telephone: +47 22 06 22 10

Mobile: +47 916 42 938

 

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

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