Webstep ASA: Long-Term Incentive Program – resolution to grant share options
Oslo, 6 November 2019: The Board of Directors in Webstep ASA (the Company) has in a meeting today, 6 November 2019, decided to allocate share options with reference to the power of attorney granted by the Annual General Meeting at 8 May 2019. The options will be granted 18 November 2019.
The Board of Directors in Webstep ASA (the Company) has in a meeting today, 6 November 2019, decided to allocate share options with reference to the power of attorney granted by the Annual General Meeting at 8 May 2019. The options will be granted 18 November 2019, and the strike price of the share will be set to the volume weighted average market price for trades in the share on the Oslo Stock Exchange six business days prior to the grant date. 539,337 share options will be allocated and following the grant the total outstanding share options in the Company will be 539,337. The share options will constitute 2 % of the Company’s share capital. Please refer to the Notice and Minutes of the Annual General Meeting in 2019 for further details about the share option scheme.
A total of 16 executives and managers of the Company and its subsidiaries will be granted share options. The following primary insiders will be granted share options 18 November 2019:
Arnt Roger Aasen, Communication Director, will be granted 23,461 options. Following the grant, the primary insider and his close associates holds a total of 23,461 options and 124,530 shares in the Company.
Carl Olof Jakob Cardell, VD Sweden, will be granted 46,884 options. Following the grant, the primary insider holds a total of 46,884 options and 25,020 shares in the Company.
Hans Sigvart Hansen, COO Norway, will be granted 46,884 options. Following the grant, the primary insider and his close associates holds a total of 46,884 options and 20,142 shares in the Company.
Liv Annike Kverneland, CFO, will be granted 46,884 options. Following the grant, the primary insider and her close associates holds a total of 46,884 options and 31,751 shares in the Company.
Otto Backer Solberg, Communication Director, will be granted 23,461 options. Following the grant, the primary insider holds a total of 23,461 options in the Company.
Marianne Styrman, Director IoT, will be granted 23,461 options. Following the grant, the primary insider holds a total of 23,461 options and 19,056 shares in the Company.
Contact details for further information:
Liv Annike Kverneland, CFO
Cell: +47 911 51 110
Email : ir@webstep.com
Website : www.webstep.com
Webstep ASA is a provider of consultancy services to the private and public sector, with the IT expertise necessary to deliver the most demanding digitalisation and IT services.The Webstep Group employs approximately 400 employees in Norway and Sweden. The company offers its services to more than 200 customers annually and has been recognised for its work environment.
This information is subject to the disclosure requirements pursuant to section 4-2 of the Norwegian Securities Trading Act.