StrongPoint Follow

9.5.2023 22:05:17 CEST | StrongPoint | Mandatory notification of trade primary
insiders

On the basis of the approval by the General Meeting on 27 April 2023 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 1,185,000 options for shares in the Company have been distributed
amongst the employees. The number of options granted corresponds to 2.6% 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 21.7679 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 225,566 shares and
750,000 options in the Company. Senior Vice President People & Organization,
Knut Olav Nyhus Olsen has been granted 50,000 share options. Following the
grant, he holds 20,227 shares and 275,000 options in the Company. Senior Vice
President Norway, Gisle Elvebakken has been granted 150,000 share options.
Following the grant, he holds 47,645 shares and 350,000 options in the Company.
Senior Vice President E-commerce, Chris Mackie has been granted 50,000 share
options. Following the grant, he holds 25,104 shares and 125,000 options in the
Company. Senior Vice President Baltics, Rimantas Mazulis has been granted
100,000 share options. Following the grant, he holds 30,523 shares and 325,000
options in the Company. Senior Vice President Sweden, Magnus Rosen has been
granted 100,000 share options. Following the grant, he holds 15,886 shares and
175,000 options in the Company. Senior Vice President Technology, Julius
Stulpinas has been granted 25,000 share options. Following the grant, he holds
38,365 shares and 250,000 options in the Company. Senior Vice President Spain,
Lorena Gomez has been granted 75,000 share options. Following the grant, she
holds 13,000 shares and 200,000 options in the Company. Senior Vice President UK
& Ireland, Steve Smith has been granted 75,000 share options. Following the
grant, he holds 5,827 shares and 150,000 options in the Company. In addition to
Group Management, other key employees in four different countries have been
granted in total 260,000 options.

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
Section 5-12.

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 a grocery retail technology company that provides solutions to
make shops smarter, shopping experiences better and online grocery shopping more
efficient. With over 500 employees in Norway, Sweden, the Baltics, Spain, the UK
and Ireland and together with a wide partner network, StrongPoint supports
grocery and retail 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, both manual and automated.
StrongPoint is headquartered in Norway and is listed on the Oslo Stock Exchange
with a revenue of approx 1.4bn NOK [ticker: STRO].

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17847450/2338/3243/Download%20announcement
%20as%20PDF.pdf

Notification of transactions pursuant to the market abuse regulation article
19.pdf -
https://kommunikasjon.ntb.no/ir-files/17847450/2338/3238/Notification%20of%20tra
nsactions%20pursuant%20to%20the%20market%20abuse%20regulation%20article%2019.pdf

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