HydrogenPro AS: Grant of share options
02 JUN 2021 08:57 CEST
COMPANY NAME
HYDROGENPRO
ISN
NO0010892359MARKET
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.