The board of directors have granted a total of 115 000 new share options to
Kristin Husby Mørk, who recently joined the company as Cheif Commercial Officer.
Each share option in Ocean Sun gives the right to subscribe for and be allotted
one share in Ocean Sun AS. The strike price of the newly granted options was set
to NOK 1.33 per share, which is a 10% premium over the volume weighted average
share price over the five last trading days preceding 1 April 2025. The options
will lapse if not exercised by 1 April 2030. The option grant is divided into
two tranches whereby 40% vests after two years and 60% vests after three years.
Following the grant, the number of outstanding options amount to 2.52% of the
total amount of outstanding shares in Ocean Sun AS.
About Ocean Sun:
By combining Norwegian maritime expertise and knowledge within photovoltaics,
Ocean Sun has developed an innovation that offers a bold solution to our global
energy needs. The patented technology is based on solar modules mounted on
hydro-elastic membranes and offers cost and performance benefits not seen in any
other floating PV system today. With offices in Oslo, Singapore and Shanghai,
Ocean Sun is embarking on its vision to be the world's leading technology
provider of floating solar.
For further details, please contact:
Kristian Tørvold, CEO of Ocean Sun, +47 97088847
Karl Lawenius, CFO of Ocean Sun, +47 45633881