Webstep ASA: Mandatory notification of trade by primary insiders

Oslo, 25 May 2022: Reference is made to the stock exchange announcement published by Webstep ASA (the "Company") earlier today, on 25 May 2022, regarding the resolution by the Company's board of directors to increase the Company's share capital with NOK 61,538 by the issuance of 61,538 new shares, each with a par value of NOK 1.00, in order to facilitate the delivery of new shares to the option holders having exercised 61,538 options under the Company's long-term incentive program.

The following primary insiders of the Company have today, on 25 May 2022, exercised options and subscribed for new shares in the Company in the exercise window. 

Geir Jåthun Hindenes, Regional Manager Stavanger, has exercised 36,442 options. The primary insider has subscribed 23,442 new shares  in the Company at an exercise price of NOK 18.20 per share and subscribed 13,000 new shares  in the Company at an exercise price of NOK 19.43 per share, in total NOK 679,234.

Liv Annike Kverneland, CFO, has exercised 19,231 options. The primary insider has subscribed 19,231 new shares  in the Company at an exercise price of NOK 18.20 per share, in total NOK 350,004.

Reference is made to the attached notifications of trading for further details of the transactions carried out by the primary insiders. 

Contact details for further information:

Truls Oftedal Ellingsen, Interim CFO

Cell: +47 928 03 031

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 490 employees in Norway and Sweden. The company offers its services to more than 250 customers annually and has been recognised for its work environment.