Webstep ASA: Proposed authorisations to increase the share capital
Oslo, 4 April 2019. The board of directors of Webstep ASA (the "Company") has today proposed that that the general meeting grants (i) an authorisation to the board of directors to increase the share capital of the Company with up to approximately 8%, i.e. by up to NOK 2,157,000, in order to facilitate the implementation of a long-term incentive program to be proposed to, and considered by, the annual general meeting of the Company and (ii) an authorisation to the board of directors to increase the share capital of the Company with up to approximately 10%, i.e. by up to NOK 2,696,700, in order to finance further growth of the Webstep group.
With respect to the authorisation mentioned in sub-item (i) above, the Company's board of directors has proposed that the annual general meeting of the Company approves a long-term incentive program for the Company's executive management and other leaders in the group as decided by the board of directors. The proposed long-term incentive program has an initial term of three years and the number of options to be granted in each respective year under the proposed program cannot exceed 2.5% of the Company's share capital and the total number of issued options under the program cannot constitute more than 8% of the Company's share capital at any time.
The proposed authorisations will be on the agenda for the Company's annual general meeting to be held on 8 May 2019.
Contact details for further information:
Liv Annike Kverneland, CFO
Cell: +47 911 51 110
Email : email@example.com
Website : www.webstep.com
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
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, of which more than 360 are expert consultants. Since its establishment in 2000, Webstep has delivered profitable growth. The company offers its services to more than 200 customers annually and has been recognised for its work environment.