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StrongPoint

StrongPoint

Strongpoint ASA - Share Option Program

08:58 / 2 November 2020 StrongPoint Press release

2.11.2020 08:58:55 CET | StrongPoint | Mandatory notification of trade primary
insiders

Oslo, 2 November 2020: On the basis of the approval by the General Meeting on 22
October 2020 to authorize the Board of Directors of Strongpoint ASA (the
'Company', OSE ticker "STRONG") to issue new shares to employees under a
long-term incentive program, the Board of Directors has resolved to issue share
options to The CEO and the Group Management in the Company.

A total of 1,150,000 options for shares in the Company have been distributed
amongst the employees. The number of options granted corresponds to 2.59 % of
the outstanding number of shares in the Company. Each option gives the right to
acquire one share in the Company. The options are granted without consideration.

Pursuant to the vesting schedule, 25 % of the options will vest one year after
the day of grant, 25 % of the options will vest two years after the day of grant
and the remaining 50 % will vest three years after the day of grant (vesting is
dependent on the option holder still being employed in the Company).

The exercise price for all options granted is NOK 17.31 per share.

Options that are not exercised within 5 years from the date of grant will lapse
and become void.

Primary insiders in Strongpoint ASA have received the following options grants,
on the terms described above:

Chief Executive Officer, Jacob Tveraabak has been granted 300,000 share options.
Following the grant, he holds 194,400 shares through his family holding company
JuCE Holding AS and 300,000 options in the Company. Chief Financial Officer,
Hilde Horn Gilen has been granted 150,000 share options. Following the grant,
she holds 41,347 shares and 150,000 options in the Company. Senior Vice
President People & Organization, Knut Olav Nyhus Olsen has been granted 100,000
share options. Following the grant, he holds 0 shares and 100,000 options in the
Company. Senior Vice President Norway, Gisle Elvebakken has been granted 100,000
share options. Following the grant, he holds 18,433 shares and 100,000 options
in the Company. Senior Vice President E-commerce, Göran Thörn has been granted
100,000 share options. Following the grant, he holds 7,626 shares and 100,000
options in the Company. Senior Vice President Baltics, Rimantas Mazulis has been
granted 100,000 share options. Following the grant, he holds 13,658 shares and
100,000 options in the Company. Senior Vice President international expansion
ecommerce, Amanda Cremon has been granted 100,000 share options. Following the
grant, she holds 3,400 shares and 100,000 options in the Company. Senior Vice
President Technology, Julius Stulpinas has been granted 100,000 share options.
Following the grant, he holds 20,078 shares and 100,000 options in the Company.
Senior Vice President Labels, Leif Persson has been granted 100,000 share
options. Following the grant, he holds 31,048 shares and 100,000 options in the
Company.

DISCLAIMER

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act.

CONTACTS

 * Hilde Horn Gilen, CFO StrongPoint ASA, +47 920 60 158,
   hilde.gilen@strongpoint.com 
 * Jacob Tveraabak, CEO StrongPoint ASA, +47 908 21 370,
   jacob.tveraabak@strongpoint.com 

ABOUT STRONGPOINT

StrongPoint is driving productivity for European retailers by providing
innovative, integrated technology solutions for multi-channel retailing based on
long-standing relationships with customers and partners. StrongPoint is also a
leader in IBNS solutions for Cash-In-Transit (Cash Security), and Labels for
customers in Norway and Sweden. StrongPoint offers best-in-class service and
consultancy expertise through its team of 521 employees in Norway, Sweden, the
Baltics, France, Belgium, Spain and Russia. StrongPoint is headquartered in
Rælingen, Norway, and listed on the Oslo Stock Exchange (ticker: STRONG).

ATTACHMENTS

 * Download announcement as PDF.pdf
   [https://kommunikasjon.ntb.no/ir-files/17847450/163/182/Download%20announceme
   nt%20as%20PDF.pdf]
Oslo Børs

This information was distributed by Oslo Børs https://www.oslobors.no/