Reference is made to the share option program of Instabank ASA (the "Company").
In an exercise window opened in connection with the publication of the Company's
Q1 2026 results, option holders under the share option program have exercised a
total of 8,608,400 vested options with a strike price of NOK 1.48 per share.
Please see attached form of notification and public disclosure regarding options
exercised by primary insiders.
The exercised options will be settled by delivery of 8,608,400 new shares in the
Company. To issue such new shares, the Company's board of directors has resolved
to increase the Company's share capital by NOK 8,608,400 pursuant to the board
authorization to increase the Company's share capital granted at the Company's
annual general meeting held on 9 April 2026. Following the registration of such
share capital increase in the Norwegian Register of Business Enterprises, the
Company will have a share capital of NOK 461,214,739 divided into 461,214,739
shares, each with a par value of NOK 1.
Primary insiders Anne Jørgensen (COO), Farzad Jalily (CTO), Janne
Perlestenbakken (Head of CRM), Per Kristian Haug (CFO), Robert Berg (CEO) and
certain other option holders have transferred their rights to receive 6,858,400
of the new shares following the exercise of options to DNB Carnegie in order to
complete a joint sale of such number of shares.
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act and the EU Market Abuse Regulation
(MAR).
For further information, please contact:
Robert Berg, CEO
+47 974 85 610
Per Kristian Haug, CFO
+47 952 38 717