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2020-06-22

Techstep ASA: Grant of share options to management - primary insider notification

In accordance with this, the Company has today granted a total of 4,069,883 share options to members of the Company's management, also being primary insiders, as follows:

  • Jens Haviken, CEO: 1,017,471 share options. Following the grant, Jens Haviken holds in total 1,017,471 share options and 100,000 shares in the Company.
  • Marius Drefvelin, CFO: 813,976 share options. Following the grant, Marius Drefvelin holds in total 813,976 share options and 40,000 shares in the Company.
  • Mads Vårdal, CIO: 559,609 share options. Following the grant, Mads Vårdal holds in total 559,609 share options and 5,019 shares in the Company.
  • Erik Haugen, CCO: 559,609 share options. Following the grant, Erik Haugen holds in total 559,609 share options and 0 shares in the Company.
  • Inge Paulsen, Managing Director Techstep Norway: 559,609 share options. Following the grant, Inge Paulsen holds in total 559,609 share options and 150,000 shares in the Company.
  • Bartek Regerqvist, Managing Director Techstep Sweden: 559,609 share options. Following the grant, Bartek Regerqvist holds in total 559,609 share options and 0 shares in the Company.

The share options will become exercisable (vest) on 22 June 2021 and must be exercised within 22 June 2024. The exercise price is NOK 3.00. The exercise price will be adjusted for any dividends paid before exercise and similar. Each option holder's aggregated gross profit from exercising the options shall be limited to the amount equal to three years' gross base salary at the time of exercising the options. The Company is entitled to settle the exercise of share options in cash, and/or with new or existing treasury shares.

Following this, Techstep has 162,795,337 issued shares, and 5,469,883 issued share options. 

For more information, please contact:

Jens Haviken, CEO of Techstep: +47 930 90 070

Marius Drefvelin, CFO of Techstep: +47 958 95 690

About Techstep ASA

Techstep is positioning itself as a leading Nordic enabler of the digital workplace. Techstep supplies hardware, software, connectivity and mobile device management bundled as a managed service. This enables enterprises and their employees to do their work across mobile devices and locations, with a high degree of security and operational stability. Techstep has 212 employees based in Norway and Sweden, serving close to 4,000 customers and 207,000 recurring revenue end-users across various industries in the private and public sectors. The company is listed on the Oslo Stock Exchange. For more information, see www.techstepasa.no.

This information is subject to the disclosure requirements pursuant to Section 4-2 and 5-12 of the Norwegian Securities Trading Act.

Författare Techstep ASA

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