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    VOW   NO0010708068

VOW ASA

(VOW)
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Vow ASA : Employee stock options exercised

09/21/2021 | 09:34am EDT

Today, a total number of 380 000 employee stock options were exercised at NOK 16.74 per share in accordance with the outstanding employee stock option program adopted at the AGM in 2019, as amended in relation to the demerger completed in July 2021.

The Company's board of directors will use its proxy to issue 380 000 new shares at the exercise price NOK 16.74 to the option holders, as settlement of options exercised.

Following the issuance of the new shares, the issued share capital of Vow ASA will be NOK 10 718 827, 845 consisting of 114 639 870 fully paid shares, each with a par value of NOK 0.09350.

Issuance of shares to primary insiders who has exercised stock options will be as follows:

  • Henrik Badin, CEO        :         73 333 shares at price NOK 16.74 per share
  • Erik Magelssen, CFO    :         36 667 shares at price NOK 16.74 per share
  • Jonny Hansen, COO     :         53 333 shares at price NOK 16.74 per share

Following this transaction, Mr. Henrik Badin owns 9 973 333 shares in Vow ASA including shares owned by the close associate company Badin Invest Limited, and Mr. Jonny Hansen owns 10 013 333 shares including shares owned by the close associate company Exproco Limited. Following this transaction Erik Magelssen owns 73 334 shares in Vow ASA.

Please refer to the attached notifications of trading for further details.


For further queries, please contact:

Erik Magelssen - CFO Vow ASA
Tel: + 47 928 88 728
Email: erik.magelssen@vowasa.com


About Vow ASA
In Vow and our subsidiaries Scanship and Etia we are passionate about preventing pollution and giving waste value. Our world leading solutions convert biomass and waste into valuable resources and generate clean energy for a wide range of industries.

Cruise ships on every ocean have Vow technology inside which processes waste and purifies wastewater. Fish farmers are adopting similar solutions, and public utilities and industries use our solutions for sludge processing, waste management and biogas production on land.

Our ambitions go further than this. With our advanced technologies and solutions, we turn waste into biogenetic fuels to help decarbonize industry and convert plastic waste into fuel, clean energy and high-value pyro carbon.

Our solutions are scalable, standardized, patented and thoroughly documented, and our capability to deliver is well proven. They are key to end waste and stop pollution.

Located in Oslo, the parent company Vow ASA is listed on the Oslo Stock Exchange (ticker VOW from 13 January 2020).


This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.


Attachments

  • VOW - Notification of transaction_1
  • VOW - Notification of transaction_3
  • VOW - Notification of transaction_2

© OMX, source GlobeNewswire - EU Press Releases

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Financials
Sales 2021 564 M 67,7 M 67,7 M
Net income 2021 28,6 M 3,43 M 3,43 M
Net cash 2021 55,0 M 6,60 M 6,60 M
P/E ratio 2021 104x
Yield 2021 -
Capitalization 2 999 M 359 M 360 M
EV / Sales 2021 5,22x
EV / Sales 2022 2,88x
Nbr of Employees 128
Free-Float 36,1%
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Mean consensus OUTPERFORM
Number of Analysts 3
Last Close Price 26,16 NOK
Average target price 37,33 NOK
Spread / Average Target 42,7%
EPS Revisions
Managers and Directors
Henrik Badin Chief Executive Officer
Erik Magelssen Chief Financial Officer
Narve Reiten Chairman
Henning Mohn Chief Technical Officer
Jonny Hansen Chief Operating Officer
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