Techstep ASA – Employee Share Purchase Program - share capital increase
Techstep ASA ("Techstep" or the "Company") has a share purchase program (the "ESPP") for all employees and board members of the Company, as approved by the annual general meeting on 21 April 2022.
Under the ESPP, the members of the executive management, Board members and other employees may, in certain periods, be offered to purchase or subscribe for Techstep shares with a 20% discount of the market price at the last date of a subscription period. An application period has recently been completed, and the Company received applications for a total of 854,940 new shares in the Company.
The Board of Directors has today resolved to increase Techstep's share capital pursuant to the authorisation granted by the annual general meeting held on 21 April 2022 to increase the Company's share capital in connection with the Company's share purchase program.
Techstep's share capital is resolved increased by NOK 854,940 by the issuance of 854,940 new shares, each with a nominal value of NOK 1.00. The new shares are issued at a subscription price of NOK 2.344 per share. Following the registration of the share capital increase with the Norwegian Register of Business Enterprises (Nw.: Foretaksregisteret), Techstep's new share capital will be NOK 210,484,770, divided by 210,484,770 shares, each with a nominal value of NOK 1.00.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
For further information, please contact:
Anita Huun, CFO of Techstep: +47 924 11 563
About Techstep ASA
Techstep is a complete mobile technology enabler, making positive changes to the world of work; freeing people to work more effectively, securely, and sustainably. We help customers who want to work smarter, while also delivering on their ESG commitments. With more than 350 employees based in Norway, Sweden, Denmark, and Poland, we serve more than 2,000 enterprise customers in Europe. Techstep had NOK 1.3 billion in full year 2021 revenues, and is listed on the Oslo Stock Exchange under the ticker TECH. To learn more, please visit www.techstep.io.