Award of new RSUs
Reference is made to the Annual General Meeting on 24 April 2025, where a new
annual RSU allocation program ("RSU 2") was implemented for those employees that
rolled off the existing share-based incentive program ("RSU 1") initiated in
June 2022. The new RSU 2 program entitles select Leading Employees to receive
RSUs with a three-year vesting period. Eligibility depends on retaining
Restricted Shares acquired under RSU 1 and continued employment by the company.
Participants who divest any RSU 1 Restricted Shares will no longer qualify for
future RSU 2 allocations.
For the year 2025, the Board of Directors has awarded 99,900 RSUs to Leading
Employees of the Company. Of the 99,900 RSUs, the primary insiders were awarded
the following:
o Margrethe Hauge, Chief Executive Officer, has received 25,000 RSUs.
o Magne Reierson, Chief Operating Officer, has received 16,700 RSUs.
o Erling Gresvoll Olsen, Chief Sales Officer, has received 16,700 RSUs.
Exercise of existing RSUs - settlement and Mandatory Notification of Trades
Under the Company's share-based incentive program RSU 1, investments made by
Leading Employees are to be matched by Goodtech ASA based on a multiple of the
initial number of invested shares following a three-year vesting period. On 24
June 2025, 512,302 Matching Shares from the prior years' awards have vested and
automatically exercised. In accordance with the terms and conditions of the RSU
Matching Program, a total of 512,302 shares will be transferred to employees
from the treasury shares acquired by the Company under its share buy-back
program completed in 2022.
Following the transfer of shares to settle the Matching share obligation, the
Company's registered share capital remains unchanged at NOK 59,257,742, divided
into 29,628,871 shares, each having a face value of NOK 2.0.
The total settlement of shares to primary insiders is as follows:
o Margrethe Hauge, Chief Executive Officer, has received 199,599 Matching
Shares. Following this, Mrs. Hauge controls 359,865 shares in the Company's
share capital and holds 25,000 RSUs.
o Magne Reierson, Chief Operating Officer, has received 39,920 Matching Shares.
Following this, Mr. Reierson controls 77,235 shares in the Company's share
capital and holds 16,700 RSUs.
o Erling Gresvoll Olsen, Chief Sales Officer, has received 133,066 Matching
Shares. Following this, Mr. Olsen controls 222,237 shares in the Company's share
capital and holds 16,700 RSUs.
o Johan Håkansson, Director Business Development Sverige, has received 13,306
Matching Shares. Following this, Mr. Håkansson controls 43,853 shares in the
Company's share capital and holds 34,482 Matching Shares yet to be vested.
The remaining employees have in aggregate received 126,411 Matching shares and
41,500 RSUs.
Following this settlement and award of new RSUs, the Company will have a total
of 488,990 outstanding Matching shares and RSUs. Subject to fulfilling the
vesting conditions, each RSU and Matching share entitles the holder to one share
in the Company.
Employees receiving Matching shares under RSU 1 program are entitled to sell a
maximum of 50% of the Matching shares to cover taxes within the first 6 months
of being allocated the shares, after which the remaining Matching shares may be
sold.
Primary insider notifications pursuant to Article 19 of the Market Abuse
Regulation are attached.
For more information, please contact:
Margrethe Hauge, CEO
Mobile: +47 957 96 920
Email: margrethe.hauge@goodtech.no
Anders Engelsen, CFO
Mobile: +47 932 07 901
Email: anders.engelsen@goodtech.no
This information is subject to disclosure requirements under Article 19 of the
Market Abuse Regulation and Section 5-12 of the Norwegian Securities Trading Act
and is subject to disclosure requirements pursuant to the EU Market Abuse
Regulation.