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Under the LTIP, the Executives are awarded a conditional grant of share options, performance share units ("PSUs") and/or restricted stock units ("RSUs"). The share options and RSUs are issued to focus the Executives on such activities which promote share price appreciation. The PSUs are issued to provide a mechanism to incentivize and reward the achievement of strategic goals, in pursuit of sustainable value creation. The incentive vehicles therefore encourage the LTIP participants to act in the best interests of the Company for the benefit of shareholders and wider stakeholder groups.
The total number of options that will be awarded under the LTIP for 2022 is 791,241, where each option will give the holder the right to acquire one
The total number of PSUs that will be awarded under the LTIP for 2022 is 343,217. Vesting of the PSUs is based on the achievement of financial or other performance goals, and may only be vested by the holder upon approval of the board of directors in their sole discretion. Once vested, each PSU will award the holder with one
The total number of RSUs that that will be awarded under the LTIP for 2022 is 739,081. The RSUs are subject to a time based vesting and shall vest on the date falling 36 months following the date of grant.
The primary insiders of the Company, Karl Johan Lier (CEO & President),
This information is subject to the disclosure requirements in article 19 of the Regulation
For further information, please contact:
Bent M. Skisaker, Chief Financial Officer, +47 46 82 16 93|bent.skisaker@autostoresystem.com
Hiva Ghiri, VP Investor Relations, +47 958 66 790|hiva.ghiri@autostoresystem.com
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https://mb.cision.com/Main/20851/3599075/1602722.pdf
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