poLight ASA: Mandatory notifications of trade – subscriptions by primary insiders in Rights Issue

Reference is made to previous stock exchange announcements from poLight ASA ("poLight" or the "Company") regarding a fully underwritten rights issue of 12,918,660 new shares ("Offer Shares") in the Company (the "Offer Shares"), raising gross proceeds of NOK 135 million (the "Rights Issue").

The following members of the Company's executive management has today subscribed for Offer Shares in the Rights Issue:

• Øyvind Isaksen, Chief Executive Officer, has, through his wholly-owned company Oimacon AS, subscribed for 30,903 Offer Shares at the subscription price of NOK 10.45 per Offer Share;
• Alf Henning Bekkevik, Chief Financial Officer, has subscribed for 5,000 Offer Shares at the subscription price of NOK 10.45 per Offer Share;
• Pierre Craen, Chief Technology Officer, has subscribed for 4,784 Offer Shares at the subscription price of NOK 10.45 per Offer Share; and
• Marianne Sandal, Chief Operating Officer, has subscribed for 4,785 Offer Shares at the subscription price of NOK 10.45 per Offer Share.

Further information about the transactions is available in the attached notification forms.

Notification and public disclosure of transactions by Primary Insiders - CEO Dr. Øyvind Isaksen.pdf

Notification and public disclosure of transactions by Primary Insiders - CFO Alf H Bekkevik.pdf

Notification and public disclosure of transactions by Primary Insiders - CTO Pierre Craen.pdf

Notification and public disclosure of transactions by Primary Insiders - COO Marianne Sandal.pdf

Additional information will be given following allocation of Offer Shares if the allocated number of Offer Shares deviates from the figures set out above.

As referred to in, inter alia, the stock exchange notice dated 14 April 2023 regarding the start of the subscription period for the Rights Issue, the obligations of the underwriters for the Rights Issue were subject to certain conditions, including that Øyvind Isaksen (or his holding company Oimacon AS) should subscribe for at least his/ its pro rata part of the shares in the Rights Issue. Through the subscription of 30,903 Offer Shares by Oimacon AS, this condition has now been satisfied. Thus, all conditions for the obligations of the underwriters have now been satisfied.

Further information from:

Dr. Øyvind Isaksen, CEO, poLight ASA: +47 90 87 63 98
 

About poLight ASA

poLight offers a new autofocus lens which "replicates" the human eye for use in devices such as smartphones, wearables, barcode, machine vision systems and various medical equipment. poLight's TLens® enables better system performance and new user experiences due to benefits such as extremely fast focus, small footprint, no magnetic interference, low power consumption and constant field of view. poLight is based in Horten, Norway, with employees in Finland, France, UK, US China, Taiwan and the Philippines. For more information, please visit https://www.polight.com

This information is subject to the disclosure requirements set out in the Market Abuse Regulation EU 596/2014 Art. 19, and pursuant to Section 5-12 of the Norwegian Securities Trading Act.