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 partially underwritten rights issue of new shares (the "Offer Shares"), to raise gross proceeds of up to NOK 160 million (the "Rights Issue"), of which an underwriting consortium has agreed to underwrite subscription of new shares for gross proceeds of NOK 130 million.

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 162,442 Offer Shares at the subscription price of NOK 2.3085 per Offer Share;

- Alf Henning Bekkevik, Chief Financial Officer, has subscribed for 40,000 Offer Shares at the subscription price of NOK 2.3085 per Offer Share;

- Pierre Craen, Chief Technology Officer, has subscribed for 10,000 Offer Shares at the subscription price of NOK 2.3085 per Offer Share; and

- Marianne Sandal, Chief Operating Officer, has subscribed for 17,428 Offer Shares at the subscription price of NOK 2.3085 per Offer Share.

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

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

Further information from:

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

About poLight ASA

poLight ASA (OSE: PLT) offers patented, state-of-the-art tunable optics technology, leveraging its proprietary polymer and piezo MEMS technology. Founded in 2005, its first product TLens® replicates "the human eye" experience in autofocus cameras used in applications such as AR/MR devices, smartphones, wearables, webcams and other consumer devices, industrial barcode scanners and machine vision systems, and healthcare applications. With over 160 granted patents, poLight's technology delivers extremely fast focus, small footprint, ultra-low power consumption, no magnetic interference, and constant field of view, enabling better imaging system performance and new user experiences compared to alternative technologies.  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.