NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN, HONG KONG OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.
HydrogenPro AS: Grant of share options
2nd 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.
HydrogenPro in brief:
HydrogenPro was founded in 2013 and the Company’s principal business is to provide customised turn-key plants for large-scale production of green hydrogen to global industrial clients. The Company’s activities include design, engineering and optimization of such plants, purchasing of parts, components and sub-systems for integration into complete plants and systems for hydrogen production. The activities also include commissioning and testing of such plants before they are accepted by clients of the Company. As part of its business model, the Company will also seek to secure service and maintenance agreements related to such hydrogen production plants.
The Company aims to be a world leading designer and supplier of alkaline electrolyser technology plants and solutions that meet the highest requirements for safety, reliability and long lifetime at competitive cost.
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.
Previous PostIPCC’s Sixth Assessment Report (AR6)
Next PostHydrogenPro (OSE:HYPRO), H2V Industry and Mitsubishi Power Europe have entered into an MoU forming a consortium that will develop and deliver green industrial hydrogen projects