11.5.2022 20:26:21 CEST | StrongPoint | Mandatory notification of trade primary
On the basis of the approval by the General Meeting on 28 April 2022 to
authorize the Board of Directors of StrongPoint ASA (the 'Company', OSE ticker
"STRO") to issue shares to employees under a long-term incentive program, the
Board of Directors has resolved to issue share options to the CEO, the Group
Management and other key employees in the Company.
A total of 1,050,000 options for shares in the Company have been distributed
amongst the employees. The number of options granted corresponds to 2.4% 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 22.81 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 150,000 share options. Following the grant, he holds 212,246 shares and
600,000 options in the Company. Chief Financial Officer, Hilde Horn Gilen has
been granted 75,000 share options. Following the grant, she holds 53,827 shares
and 300,000 options in the Company. Senior Vice President People & Organization,
Knut Olav Nyhus Olsen has been granted 75,000 share options. Following the
grant, he holds 13,814 shares and 225,000 options in the Company. Senior Vice
President Norway, Gisle Elvebakken has been granted 100,000 share options.
Following the grant, he holds 31,829 shares and 250,000 options in the Company.
Senior Vice President E-commerce, Chris Mackie has been granted 75,000 share
options. Following the grant, he holds 15,936 shares and 75,000 options in the
Company. Senior Vice President Baltics, Rimantas Mazulis has been granted 75,000
share options. Following the grant, he holds 22,806 shares and 225,000 options
in the Company. Senior Vice President Sweden, Magnus Rosen has been granted
75,000 share options. Following the grant, he holds 0 shares and 75,000 options
in the Company. Senior Vice President Technology, Julius Stulpinas has been
granted 75,000 share options. Following the grant, he holds 31,094 shares and
225,000 options in the Company. Senior Vice President Spain, Lorena Gomez has
been granted 75,000 share options. Following the grant, she holds 4,069 shares
and 125,000 options in the Company. In addition to Group Management, other key
employees in four different countries have been granted in total 275,000
This information is subject to disclosure requirements set out in the Market
Abuse Regulation EU 596/2014 Article 19 and the Norwegian Securities Trading Act
* Hilde Horn Gilen, CFO StrongPoint ASA, +47 920 60 158,
* Jacob Tveraabak, CEO StrongPoint ASA, +47 908 21 370,
StrongPoint is a retail technology company that provides solutions to make shops
smarter, shopping experiences better and online grocery shopping more efficient.
With over 400 employees in Norway, Sweden, the Baltics and Spain and together
with a wide partner network, StrongPoint supports businesses in more than 20
countries. StrongPoint provides in-store cash management and payment solutions,
electronic shelf labels, self-checkouts, task and labor management software,
click & collect temperature-controlled grocery lockers, in-store and drive-thru
grocery pickup solutions and, grocery order picking solutions. StrongPoint is
headquartered in Norway and is listed on the Oslo Stock Exchange with a revenue
of 1bn NOK [ticker: STRO].
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