COPENHAGEN, Denmark ,February 23, 2024 -Napatech (OSLO : NAPA.OL) today announced that the Board of Directors ofNapatech A/S has decided to issue share options to its chief executive officer. The Board's decision was made in accordance with the22 February 2024 extraordinary general meeting's decision and authorization to the Board adopted as Articles 7.10 in the articles of association. The authorization from the extraordinary general meeting inFebruary 2024 was for a total of 2,000,000 share options (corresponding to nominallyDKK 500,000 ). A total of 2,000,000 share options have been issued toLars Boilesen for the subscription of up to 2,000,000 shares of a nominal value ofDKK 0.25 each at an exercise price ofNOK 17.21 per share determined by the Board of Directors to be the fair market value based on the average VWAP (volume-weighted average price) across the last five trading days on theOSE Stock Exchange fromFebruary 16, 2024 , toFebruary 22, 2024 . These share options are subject to the Napatech Share Option and Incentive Program 2024 and shall be exercised as follows: o 500,000 must be exercised by31 January 2030 . o 500,000 must be exercised by31 January 2031 . o 500,000 must be exercised by31 January 2032 . o 500,000 must be exercised by31 January 2033 . Furthermore, the share options are subject to a three-year lock-up as of the date of grant, where the options and the shares subscribed through the exercise of the options cannot be transferred or assigned, except in specific limited circumstances as set out in Articles 7.10 in the articles of association. After the issue,Lars Boilesen holds a total of 2,272,306 share options and 512,564 shares in the company. For more information, please contact:Heine Thorsgaard , CFO E-mail: htg@napatech.com
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