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NEXT Biometrics Group ASA — Remuneration Information 2021
Dec 22, 2021
3671_dirs_2021-12-22_3ec346db-b877-49ce-9c33-b99a8383b778.html
Remuneration Information
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NEXT Biometrics Group ASA – Grant of share options to primary insider
NEXT Biometrics Group ASA – Grant of share options to primary insider
Oslo, 22 December 2021: Reference is made to the stock exchange announcements by NEXT Biometrics Group ASA ("NEXT" or the "Company") on 12 May regarding the Annual General meeting authorizing the company's board of directors authority to issue options to management and key employees.
The following primary insiders in the Company have been granted additional share options:
-Ulf Ritsvall (SVP Sales and Marketing) has been granted 100,000 share options in the Company, following which he holds in total 400,000 share options.
50% of the awarded options vest in the third calendar quarter of 2022 and the remaining 50% vest in the third calendar quarter of 2023. The date of expiry for all vested options is the date falling 36 months after the date of initial grant for the 2021 option program (25 May 2021). Any options that are not exercised at, or prior to, this date will elapse.
The exercise price of the share options shall be equal to the average volume weighted market price of the Company's shares over the last five trading days prior to the date of grant, being NOK 6.65.
This information is subject to the disclosure requirements pursuant to Article 19 of the EU Market Abuse Regulation and section 5-12 of the Norwegian Securities Trading Act.
NEXT Investor contact:
Peter Heuman (CEO), [email protected]
Eirik Underthun (CFO), [email protected]
About NEXT Biometrics
NEXT provides advanced fingerprint sensor technology that delivers uncompromised security and accuracy for the best possible user experience in the smart card, government ID, access control and notebook markets. The company’s patented NEXT Active Thermal™ principle allows the development of large, high quality fingerprint sensors in both rigid and flexible formats. NEXT Biometrics Group ASA (www.nextbiometrics.com) is headquartered in Oslo, with sales, support and development operations in Seattle, Taipei, Bengaluru and Shanghai.