In accordance with the authorization granted by the annual general meeting on16 May 2023 , the Board of Directors ofXplora Technologies AS (the "Company") has resolved to grant share options pursuant to the compensation program. A total of 1,594,158 share options has on6 November 2023 been granted to primary insiders, distributed as follows: -Sten Kirkbak (CEO) has been granted 225,325 share options (now holding a total of 550,000) - Sanghyo Kim (CTO) has been granted 375,000 share options (now holding a total of 375,000) - Kjetil Fennefoss (COO) has been granted 125,000 share options (now holding a total of 375,000) - Knut Stålen (CFO) has been granted 275,000 share options (now holding a total of 275,000) -Jason Pyne (EVP) has been granted 225,000 share options (now holding a total of 225,000) -Jonas Ringstad (EVP) has been granted 225,000 share options (now holding a total of 225,000) -Svenn Jarle Simonsen (EVP) has been granted 143,833 share options (now holding a total of 225,000) The exercise price isNOK 14,90 per share VWAP last 30 days. Each share option gives the right to purchase one share in the Company. 1/3 of options granted will vest after 1, 2, and 3 years respectively, and the options expire after 6 years. The total outstanding share options shall not exceed 7.5% of the total number of outstanding shares in the Company. This means that the allocation of new share options, including the share options referenced above, has a maximum limit of 3,125,000. This information is subject to disclosure requirements in Regulation EU 596/2014 (MAR) article 19 no. 3 and the Norwegian Securities Trading Act section 5-12. For more information, please contact:Sten Kirkbak , CEO, +47 92203710, sten.kirkbak@xplora.comTore Engebretsen , Chairman +47 908 66 756, tore@vv12.no AboutXplora Technologies AS : Xplora is a platform and services company and an industry leader in the market for children's smartwatches. Xplora was founded to give children a safe onboarding to the digital life and a better balance between screen time and physical activity. Xplora's vision is to enable children around the world to experience how their everyday activities can create value and make a positive change in the world. The company is headquartered inNorway with operations in leading European markets. Xplora is listed on Euronext Growth under the ticker symbol XPLRA.
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