HydrogenPro AS: Grant of share options 02 JUN 2021 08:57 CEST
COMPANY NAME HYDROGENPRO
ISN NO0010892359
MARKET Euronext Growth
SYMBOL HYPRO
2 June 2021: In line with the terms adopted by the Annual General Meeting of HydrogenPro AS, the Board of Directors has awarded a total of 945,000 options including the following primary insiders:
CEO Mårten Lunde (through partly owned Enern Invest AS): 350,000 Chairman Walter Qvam: 250,000 Board member Ellen Hanetho: 100,000
Each share option gives the right to subscribe for and be allotted one share in HydrogenPro AS. The strike price of the options was set to NOK 26.15 per share based on the closing price on 19 May 2021.
The options will lapse if not exercised by 19 May 2025. The option grant is divided into three tranches whereby 50% vests in year one, 25% in year 2 and 25% in year 3, with the first tranche vesting 19 May 2022.
Reference is made to the attached notification of trading for further details including an overview of the primary insiders' total number of shares and share options. |