CRAYON GROUP HOLDING ASA (OSLO, Norway ) - In connection with the annual employee share incentive program ofCrayon Group Holding ASA (the "Company" or "Crayon"), all employees of Crayon and its subsidiaries for which an offer could be lawfully made have been offered to subscribe for shares in the Company. The employees have been offered to subscribe at the volume-weighted average share price fromMarch 25, 2022 toApril 8, 2022 minus a 20% discount, resulting in a subscription price ofNOK 117.70 per share. In aggregate, approximately 900 employees, corresponding to 27% of eligible employees, participated in the program. The application period ended atApril 8, 2022 and final allocation is expected take place in May, 2022. The new shares issued to employees and board members as part of the employee share incentive program will be subject to a lock-up period of two years. The following primary insiders have applied for shares: Board of Directors:Rune Syversen (Chairman): 2,124 shares Jens Rugseth (member): 2,124 sharesCamilla Magnus (member): 2,124 shares Grethe Viksaas (member): 2,124 sharesJennifer Koss (member): 850 sharesMette Wam (Employee rep.): 2,124 sharesBrit Smestad (Employee rep.): 2,124 shares Christian Ødemark (Employee rep.): 2,124 sharesTimothy Jay Herland (Deputy employee rep.): 850 shares Julie Lorch-Falch Chrissafopoulos (Deputy employee rep.): 340 shares Executive Management:Melissa Mulholland (CEO): 2,124 sharesJon Birger Syvertsen (CFO): 2,124 sharesFlorian Rosenberg (CTO): 2,124 sharesAbbey Lin (CCO): 850 shares Investor contact: Magnus Granerød IR Manager ir@crayon.com About Crayon Crayon is a customer-centric innovation and IT services company with over 3,300 employees across nearly 40 countries. We provide the best solutions for our clients' business needs and budgets in software, cloud, AI, and big data. For more information, visit www.crayon.com.
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