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NEXT Biometrics Group ASA — Remuneration Information 2017
Jun 13, 2017
3671_iss_2017-06-13_b3622a6b-7c1a-451b-87cf-12c1bcb08aa3.html
Remuneration Information
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NEXT Biometrics Group ASA - Allocation of share options
NEXT Biometrics Group ASA - Allocation of share options
The board of directors of Next Biometrics Group ASA ("NEXT" or the "Company") has, in
accordance with the Company's share option program approved at the Company's annual general
meeting May 24th 2017, resolved to allot 227,500 share options. The total number approved by the
general meeting was 290.000 conditional share options for this program.
Each share option gives the right, provided certain conditions are met, to subscribe for and be
allotted one (1) share in the Company at an exercise price of NOK 78.04 per share, which is equal
to the average volume-weighted market price of the shares over the five last trading days prior to
the date of grant, plus 10%.
Exercise of vested share options is conditional upon the respective option holders meeting certain
individual key performance indicators. The conditional options shall vest 1/3 after 1 year after
allotment, additionally 1/3 after 2 years and then 1/3 after 3 years. The options expire after 6 years.
Accelerated vesting will as defined in company stock option agreement take place at major events.
The following primary insiders were allotted conditional share options:
Knut Stålen (CFO) was allotted 20,000 conditional options. After grant, Knut Stålen holds in total
80,000 conditional and unconditional options and 8,400 shares.
Campbell Kan (VP of Operations and Asia Sales) was allotted 15,000 conditional options. After
grant, Campbell Kan holds in total 57,000 conditional and unconditional options and 0 shares.
Matias Troccoli (CTO) was allotted 40,000 conditional options. After grant, Matias Troccoli holds in
total 241,377 conditional and unconditional options and 13,623 shares.
Robert Mueller (Chief Technologist System Level) was allotted 16,000 conditional options. After
grant, Robert Mueller holds in total 86,470 conditional and unconditional options and 0 shares.
Radek Matyasek (VP Sales EMEA) was allotted 16,000 conditional options. After grant, Radek
Matyasek holds total 56,000 conditional and unconditional options and 1,000 shares.
Dan Cronin (EVP of Engineering) was allotted 35,000 conditional options. After grant, Dan Cronin
holds total 35,000 conditional and unconditional options and 0 shares.
In addition the general meeting approved to establish a separate long-term incentive plan for Ritu
Favre, the CEO of the Company of 150,000 conditional options. Ritu Favre (CEO) was allotted
150,000 long-term conditional options in accordance with this program. The defined performance-
based vesting requirements are determined by the board of directors, and the share options shall
vest following release of the results for the fourth quarter of 2020. After grant, Ritu Favre holds in
total 225,000 conditional options and 0 shares.
The Board have approved the allotted 2016 options to be granted and will follow the vesting
regulations for this program.
Total granted and allotted options as of today is 1,736,311.
ABOUT NEXT Biometrics: Enabled by its patented NEXT Active Thermal principle, NEXT Biometrics
(www.NextBiometrics.com) offers high quality area fingerprint sensors at a fraction of the prices of
comparable competitors. A wide range of product formats including smartcards, smartphones,
tablets, PC's, access control, time registration systems, wearables, payment terminals, flash drives,
USB tokens, key fobs and many more are targeted.
NEXT Biometric Group ASA is a publicly listed company headquartered in Oslo, Norway and with
sales, support and development subsidiaries in Seattle, Silicon Valley, Taipei, Prague and Shanghai.
Media and Investor contacts for NEXT Biometrics:
Ritu Favre (CEO), [email protected]
Knut Stålen (CFO), [email protected]