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A total number of 1 650 000 share options were granted in the long-term incentive (LTI) program. Each option, when exercised, will give the right to acquire one share in the Company. The options are granted without consideration. Pursuant to the vesting schedule, 100% of the options will vest three years after the day of grant. Vesting requires the option holder still to be an employee in the Company. The options that have not been exercised will lapse 5 years after the date of grant. The gain per instrument is capped at
Primary insiders in
Kjell Christian Bjørnsen , Chief Financial Officer, has been granted 150,000 share options. Following the grant, he holds 20,000 shares and 775,571 options.Hans Hide , Chief Project Officer, has been granted 150,000 share options. Following the grant, he holds 30,000 shares and 776,000 options.Stein Ove Erdal , SVP Legal and General Counsel, has been granted 150,000 share options. Following the grant, he holds 0 shares 810,000 options.- Caroline Duyckaerts, Chief HR Officer, has been granted 150,000 share options. Following the grant, she holds 0 shares 455,000 options.
Robert Borin , Senior Vice President Nel Fueling Division, has been granted 150,000 share options. Following the grant, he holds 0 shares and 300,000 options.Esa Laukkanen , Chief Operating Officer, has been granted 150,000 share options. Following the grant, he holds 0 shares and 300,000 options.- Marius Løken, Chief Technical Officer, has been granted 150,000 share options. Following the grant, he holds 0 shares and 150,000 options.
Todd Cartwright , Chief Commercial Officer, has been granted 150,000 share options. Following the grant, he holds 0 shares and 150,000 options.
ENDS
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About
Nel has a history tracing back to 1927 and is today a leading pure play hydrogen technology company with a global presence. The company specializes in electrolyser technology for production of renewable hydrogen, and hydrogen fueling equipment for roadgoing vehicles. Nel's product offerings are key enablers for a green hydrogen economy, making it possible to decarbonize various industries such as transportation, refining, steel, and ammonia.
This information is subject to a duty of disclosure pursuant to Section 5-12 of the Norwegian Securities Trading Act. This information was issued as inside information pursuant to the EU Market Abuse Regulation, and was published by
https://news.cision.com/nel-asa/r/nel-asa--employee-share-option-program,c3938728
https://mb.cision.com/Main/115/3938728/2639856.pdf
https://mb.cision.com/Public/115/3938728/8e35de89d84f4a27.pdf
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