Stavanger,Norway ,24 November 2021 - Reference is made to the stock exchange notice published byZaptec AS (the "Company") dated22 November 2021 where it was announced that the Company's CTO,Knut Braut , had exercised a total for 300,000 share options. As a result of the option exercise, the board of directors of the Company has today resolved to issue 300,000 new shares, at an average subscription price ofNOK 8.6667 per share. The new shares are issued pursuant to the authorisation provided to the board of directors at the annual general meeting in 2021. The share capital is increased byNOK 1,875.00 by subscription of 300,000 new shares with a nominal value ofNOK 0.00625 per share. The total subscription amount isNOK 2,600,000 , whereasNOK 2,598,125.00 is share premium. Following the share capital increase, the Company will have a share capital ofNOK 476,935.4875 divided into 76,309,678 shares, each with a nominal value ofNOK 0.00625 . The share capital increase will be duly registered in theNorwegian Register ofBusiness Enterprises . For more information: Anders Thingbø, CEO, Zaptec AS Tel: +47 934 88 385, e-mail: at@zaptec.com Kurt Østrem, CFO, Zaptec AS Tel: +47 404 04 700, e-mail: kurt@zaptec.com About Zaptec:Zaptec AS is a technology company within Electronic vehicle (EV) charging systems inEurope . The company develops EV charging systems for multi and single-family homes and office buildings. The product portfolio enables large number of charging points at a low cost and includes Zaptec Pro, Zaptec Go, Charge365 payment services, Charging columns, Zaptec Portal, and Zaptec APM. The company accelerates the electrification of the transport sector to assist European countries in reducing CO2 emissions from light-duty cars.
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