Zalaris : issues share options to employees

Zalaris ASA issues share options to employees

Oslo, Norway, 8 January 2020 Zalaris ASA ('Zalaris' or the 'Company') has granted share options to executive management and key employees. 130,000 options were granted at a strike price of NOK 21.04 per share, 185,500 options were granted at a strike price of NOK 25.18 per share, 17,500 options were granted at a strike price of NOK 25.25 per share, and 10,000 options were granted at a strike price of NOK 25.78 per share. The strike price will be increased by 1% per month until fully vested. 60% of the options granted will vest after 36 months, while the remaining 40% will vest after 60 months. Each share option corresponds to one share. The Company has also granted 5,000 restricted stock units (RSUs), with settlement on 30 May 2022. Please refer to the annual report 2018 for further details regarding the Company's share incentive plans. The following primary insiders have been allocated share options as part of the grant: Executive VP UK & Ireland Will Jackson has been granted 10,000 share options at a strike price of 21.04 per share. Following the grant, he holds 5,000 shares, 10,000 options and 19,000 RSUs in the Company. CHRO Hilde Karlsmyr has been granted 10,000 share options at a strike price of 21.04 per share. Following the grant, she holds 5,000 shares, 10,000 options and 19,000 RSUs in the Company. CTO Halvor Leirvåg has been granted 10,000 share options at a strike price of 21.04 per share. Following the grant, he holds 7,825 shares, 10,000 options and 33,841 RSUs in the Company. Executive VP APAC Bala Narayanan has been granted 10,000 share options at a strike price of 21.04 per share. Following the grant, he 10,000 options and 3,774 RSUs in the Company. Executive VP Business Development - GMS Øyvind Reiten has been granted 10,000 share options at a strike price of 21.04 per share. Following the grant, he holds 8,464 shares, 10,000 options and 63,357 RSUs in the Company. Executive VP Northern Europe Sami Seikkula has been granted 10,000 share options at a strike price of 21.04 per share. Following the grant, he holds 4,000 shares, 10,000 options and 19,000 RSUs in the Company. Executive VP Solution & Delivery - GMS Richard Schjørn has been granted 10,000 share options at a strike price of 21.04 per share. Following the grant, he holds 7,047 shares, 10,000 options and 46,662 RSUs in the Company. CFO Gunnar Manum has been granted 10,000 share options, at a strike price of NOK 25.78 per share, and 5,000 RSUs. Following the grant, he holds 10,000 options and 5,000 RSUs in the Company. Finance Manager Charlotte Brandsæter has been granted 5,000 share options at a strike price of 25.18 per share. Following the grant, she holds 5,000 shares and 5,000 options in the Company. Contact: Gunnar Manum, CFO Mobil: [phone] This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.