OnOctober 31, 2022 , employees inAirthings ASA ("the Company") have exercised 983 200 options. The options had an average strike price ofNOK 1.3044 . Each share option corresponds to one share. Pursuant to authorization granted by the Company's annual general meeting, the board of directors has resolved to increase the Company's share capital byNOK 9 832.00 through the issuance of 983 200 new shares of par valueNOK 0.01 . Following this increase, the Company's share capital isNOK 1 739 923.46 divided into 173 992 346 shares outstanding, each with a nominal value ofNOK 0.01 . In utilizing its authorization, the board of directors has resolved to set aside existing shareholders' pre-emptive rights to subscribe the new shares in order to satisfy the Company's obligations under its option program. Options exercised by related party of primary insiderOctober 31, 2022 , are the following:Anlaug Underdal has exercised 5 000 options, corresponding to 5 000 shares at the strike price ofNOK 0.70 . After exercising options,Anlaug Underdal holds 56 000 shares and 75 800 unexercised options in the Company. For more information, please contact:Jeremy Gerst , CFO +47 455 11 103 jeremy.gerst@airthings.com
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