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Elmera Group ASA Remuneration Information 2021

Jan 21, 2021

3591_rns_2021-01-21_89a3c46e-e47d-4cc5-b265-b3a3a98fed2b.html

Remuneration Information

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Fjordkraft Holding ASA: Grant of share options

Fjordkraft Holding ASA: Grant of share options

Reference is made to the long-term incentive program for key employees that was established by the Board of Directors on 10 December 2018.

In connection with the appointment of Per Heiberg-Andersen as EVP Nordic, the Board of Directors approved the grant of 40,000 additional options on 9 November 2020.

The program is subject to approval at the Annual General Meeting. If the Annual General Meeting does not approve the program, a cash settlement of the options contracts will be provided to the employees.

The following primary insider has been granted options:

Per Heiberg-Andersen: 40,000 options, now holding a total of 40,000 options

Half of the options granted vest on 15 February 2022. The options have a strike price of NOK 79.7 and expire on 14 February 2023

The other half of the options vest on 15 February 2023. The options have a strike price of NOK 79.7 and expire on 14 February 2027.

The total number of options outstanding is now 1,190,000.

The following primary insiders are now holding options:

Rolf Barmen: holding a total of 44,052 shares and 160,000 options

Birte Strander: holding a total of 28,516 shares and 80,000 options

Arnstein Flaskerud: holding a total of 26,760 shares and 80,000 options

Jeanne Tjomsland: holding a total of 19,078 shares and

80,000 options

Alf Kåre Hjartnes: holding a total of 8,833 shares and

70,000 options

Roger Finnanger: holding a total of 884 shares and 80,000 options

Solfrid Aase: holding a total of 7,856 shares and 80,000 options

Christian Kalvenes: holding a total of 931 shares and 80,000 options

Solfrid Fluge Andersen: holding a total of 80,000

options

Per Heiberg-Andersen: holding a total of 40,000 options

Ole Johan Langenes: holding a total of 7,000 shares and

40,000 options

Morten A. W. Opdal: holding a total of 3,481 shares and 40,000 options

For queries, please contact:

Rolf Barmen, CEO, +47 900 80 950