Oslo, 14 November 2022: Reference is made to the announcements by LINK Mobility Group Holding ASA (“LINK Mobility” or the “Company”) on 20 October 2020 regarding the Company’s RSU program.
In accordance with the vesting plan for the Company’s RSU program, 30% of the RSUs granted under the RSU program shall be exercisable into shares upon the second anniversary of the Company’s listing. Participants in the RSU program have on 14 November 2022 exercised a total of 1,130,722 RSUs, resulting in a net settlement of a total of 929,457 new shares to be issued by the Company. Other than the nominal value of the shares, no payment is required by the RSU holder upon exercise. A total of 1,130,742 RSUs remain under the RSU program, being exercisable on the third anniversary of the Company’s listing.
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Following the RSU exercise, the Board of Directors have pursuant to authorization granted by the Company’s Extraordinary General Meeting (EGM) on 12 July 2022, today resolved to increase the Company’s share capital with NOK 4,647.285 by issuing 929,457 new shares, each with a nominal value NOK 0.005.
Following the share capital increase, the Company’s share capital is NOK 1,478,849.19 divided into 295,769,838 shares.
Exercise of RSUs by primary insiders
Thomas Berge, Interim CEO of the Company, has exercised 263,632 RSUs, corresponding to a net settlement of 139,724 shares. Following completion of the share capital increase, Thomas Berge will hold 331,122 shares in the Company. In addition, Thomas Berge holds 263,633 RSUs and 253,000 LTI share options.
Morten Løken Edvardsen, Interim CFO of the Company, has exercised 5,113 RSUs, corresponding to a net settlement of 2,914 shares. Following completion of the share capital increase, Morten Løken Edvardsen will hold 6,595 shares in the Company. In addition, Morten Løken Edvardsen holds 5,114 RSUs and 116,000 LTI share options.
Primary insider notifications pursuant to the EU Market Abuse Regulation Article 19 are attached.
For further information, please contact
Tom Rogn, VP Investor Relations
+47 94 85 56 59
tom.rogn@linkmobility.com
About LINK Mobility
LINK is an award-winning, leading global provider of mobile messaging and communications platform as a service (CPaaS) solutions for increased engagement. The company serves enterprise, SME, and government customers. LINK offers a wide range of innovative and scalable mobile solutions, creating valuable digital convergence between businesses and customers, governments and citizens, platforms and users. LINK has 50,000 customer accounts globally and exchanges 15 billion messages a year. LINK is listed on the Oslo Stock Exchange under the ticker LINK. For more information about LINK, please see www.linkmobility.com and follow LINK Mobility on LinkedIn.
This information is subject to the disclosure requirements pursuant to the EU Market Abuse Regulation Article 19 and Section 5-12 of the Norwegian Securities Trading Act.
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