Høvik,14 May, 2021 : Pursuant to an employee option agreement dated9 July 2020 , 18,900 options in the Company have been exercised. The board of directors of the Company has consequently authorized a share capital increase ofNOK 3,780 through issuance of 18,900 new shares, each with a par value ofNOK 0.20 . The new shares are issued by the board of directors pursuant to an authorization granted by the Company's general meeting on5 May 2021 . The new shares have been subscribed for and the price to be paid for each share pursuant to the option agreement isNOK 8.47 . Contact details: CFOCarl Fabian Flaaten Cell: +47 90 04 31 84 Email: carlfabian@houseofcontrol.no AboutHouse of Control :House of Control develops SaaS (Software as a Service) solutions. These are digital tools that the CFO can easily apply to improve the performance of the finance department and - ultimately - the whole company. The CFO toolkit contributes to at least four important tasks: Cut costs, save time, reduce risk, and improve compliance - all key ingredients of a better-working finance department. Private and public enterprises use the software to manage contracts and assets, comply with IFRS 16 requirements, communicate with suppliers and organize procurement.House of Control's strong revenue growth is supported by a unique salesforce, and approximately 90 percent of sales are annual recurring revenues.
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