Oslo ,27 January 2023 : Reference is made to the authorization granted to the board of directorsAgilyx ASA ("Agilyx " or the "Company") by the Company's annual general meeting held on12 May 2022 to increase the share capital in connection with the Company's stock option program. As a result of exercise of options issued thereunder which each gives right to receive one ordinary share in the Company, the Company's board of directors has resolved to increase the Company's share capital withNOK 12,624.98 by the issuance of 631,249 new shares, each with a par value ofNOK 0.02 . The stock option program and options issued are described in note 9 and 10 in the Company's annual financial statements for 2021. The Company's board of directors has approved 110'000 options for cashless exercise. All corresponding shares have been sold. Options below are exercised for holding shares by the following primary insider of the Company: On27 January 2023 , primary insider ofAgilyx ASA ,Joe Vaillancourt , exercised 500'000 options inAgilyx ASA at a strike price ofNOK 0.57 per option resulting in 500'000 shares inAgilyx ASA .Mr Vaillancourt will subsequently hold 512'513 shares and 1'377'700 options inAgilyx ASA .Mr Vaillancourt agreed to a lock-up undertaking pursuant to which, during his tenure with theAgilyx Group , he will (i) exercise any of his vested options inAgilyx ASA solely for the purposes of holding shares inAgilyx ASA , and (ii) not dispose of anyAgilyx ASA shares with the exception of the disposal of shares inAgilyx ASA the proceeds of which he will use to meet personal US tax obligations resulting from the option exercise. Another employee of the Company (not being a primary insider) exercised 21,249 options for holding shares.
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